Covid-related absences are creating headaches for businesses that were struggling to hire workers even before Omicron. Restaurants and retail stores have cut back hours. Broadway shows called off performances. Airlines…
Tag: Inflation
Economists hope a rebound in immigration helps curb inflation : NPR
Morgan Bennett of Jamaica is a student guest worker at Funland, a beachside amusement park in Rehoboth Beach, Del. For the first time since the pandemic began, international student workers…
Consumer prices jumped 8.6 percent in May compared to last year as inflation holds grip on U.S. economy
The Consumer Price index, which tallies the cost of a basket of goods month to month, jumped 1 percent in May compared to the 0.3 percent increase in April —…
Economics professor rips Biden’s inflation response: President ‘wrong that he can’t do anything’
Fox News contributor and The King’s College economics professor Brian Brenberg argues the president could have prepared ‘for months.’ Reacting to President Biden’s claim there’s no “immediate” fix to record-high…
Fed’s Mester: more rate hikes ahead in ‘painful’ battle with inflation
Hot dog sausages are seen in a supermarket, as inflation continues to hit consumers with the annual CPI increasing 8.3% in the 12 months through April, in Los Angeles, California,…
Merkle Launches Inflation Resilience Dashboard to Support Business and Marketing Strategy Decisions
First-of-its-kind tool combines granular data to reveal the true impact of inflation and create better customer experiences COLUMBIA, Md., May 25, 2022 /PRNewswire/ — aMerkle, dentsu’s leading technology-enabled, data-driven customer…
Economics 101: What rising interest rates, inflation mean for you
The price of just about everything has gone up. Inflation, the rate at which prices rise in the economy, is the worst it’s been in 40 years. The Federal Reserve,…
6 Small Finance Banks Giving Inflation Beating Returns Over 7% On FD To Regular Customers
Utkarsh Small Finance Bank The bank’s interest rates were last changed on May 9, 2022, and as a result, the bank now offers a maximum return of 7.25 percent to…
Fed to Fight Inflation With Fastest Rate Hikes in Decades | Business News
By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making…
IMF Chief: Ukraine War and Inflation Threaten Global Economy | Business News
By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — The head of the International Monetary Fund warned Thursday that Russia’s war against Ukraine was weakening the economic prospects for most…
Has the Federal Reserve Lost the Fight Against Inflation?
Has the Federal Reserve lost control of inflation and, by extension, the economy? No doubt, consumers are feeling the pain, with inflation rates in the U.S. the highest since the…
Latest Economy, Inflation and Business News: Live Updates
Wheel loaders filling trucks with ore at the MP Materials rare earth mine in Mountain Pass, Calif.Credit…Steve Marcus/Reuters WASHINGTON — President Biden took steps on Thursday to try to increase…