Inflation is down, employment is up. Where’s the damage?
Tag: Inflation (Economics)
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On the Economy, Biden Struggles to Convince Voters of His Success
Wages are up, inflation has slowed and the White House has a new slogan. Still, President Biden’s poor marks on the economy are making Democratic worried.
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U.S. Added 187,000 Jobs in August and Unemployment Rose to 3.8%
Employers added 187,000 jobs in August and unemployment rose to 3.8 percent as the economy continued to lose momentum built up after pandemic lockdowns.
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Overall PCE Inflation Ticked Up in July
Overall inflation climbed to 3.3 percent, from 3 percent previously, underscoring the Fed’s long road back to 2 percent price increases.
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Eurozone Inflation Holds Steady at 5.3 Percent
Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank interest rate increase.