Financial markets are still betting that Congress and the White House will strike a deal. But the uncertainty alone is having consequences.
Tag: United States Economy
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Inflation Persists and Car Prices Are a Big Reason
Prices of new and used vehicles were supposed to recede quickly as supply chain problems dissipated. The market had other ideas.
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If Debt Ceiling Standoff Can’t Be Resolved, Both Parties Will Share the Blame
While each party tries to blame the other for the crisis, some acknowledge that they would both share responsibility for a default.
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The Fed Chair Says Inflation Remains Too High
The Fed chair said that it would take “some time” for inflation to moderate and that the central bank would continue to look at data as it considers whether to raise rates next month.