Tag: Prices
Gasoline pipeline shutdown tests Biden administration
The Biden administration, knowing that higher gas prices and long lines can carry severe political risks as well as threats to a recovering economy,...
Top Fed official says Fed far from achieving its goals
WASHINGTON — A top Federal Reserve official says the outlook for the U.S. economy is bright but the recent jobs report is a reminder...
EXPLAINER: Why are fears of high inflation getting worse?
WASHINGTON — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter...
Democrats seek narrow path to rein in cost of medicines
WASHINGTON — President Joe Biden’s call for authorizing Medicare to negotiate lower prescription drug prices has energized Democrats on a politically popular idea they've...
Yellen: Biden’s phased-in spending plan won’t fuel inflation
WASHINGTON — President Joe Biden’s massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in...
Booms in Idaho, Utah buck the curve of slowing US growth
SALT LAKE CITY — Two Western states known for their rugged landscapes and wide-open spaces are bucking the trend of sluggish U.S. population growth,...
Powell’s high-stakes bet: More jobs but only mild inflation
WASHINGTON — With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble.
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Companies sound alarm over commodity price hikes
Toilet paper, baby care products, soft drinks and many other everyday products are about to get more expensive.
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Asian lender forecasts strong rebound for region in 2021
NOT YET — Developing Asian economies will grow at a solid 7.3% pace this year after contracting slightly in 2020 due to the pandemic,...
Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended:
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