Tag: Inflation
Have a seat: Patio furniture shortage tells US economic tale
COCKEYSVILLE, Maryland — People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture.
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San Francisco Fed’s Daly: Healthy economy needs less support
WASHINGTON — With interest rates ultra-low even as the U.S. economy swiftly improves, Federal Reserve officials are divided over how quickly they should adjust...
UK urged to defer winding down of salary support program
LONDON — Business leaders and unions joined forces Thursday to urge the British government to maintain a salary subsidy program that is being wound...
Gas prices rise again, no sign of letting up this summer
After a brief dip, gas prices in the U.S. are on the rise again.
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US mortgage rates rise over 3%; 30-year at 3.02%
WASHINGTON — Mortgage rates rose above the 3% mark this week for the first time in 10 weeks, as the economic recovery from the...
Inflation poses new challenge for pandemic-weary businesses
NEW YORK — Small businesses that endured shutdowns and lower revenue during the COVID-19 outbreak now must contend with another crisis: spiking prices for...
Czech central bank raises key rate to 0.5% to tame inflation
PRAGUE — The Czech Republic’s central bank has increased its key interest rate by a quarter-point to 0.5% in efforts to tame inflation as...
Fed’s Powell says high inflation temporary, will ‘abate’
WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable...
Inflation ahead? Even a top economist says it’s complicated
WASHINGTON — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies...
Paid in full? Biden, GOP struggle over infrastructure costs
WASHINGTON — Congressional negotiators and the White House appear open to striking a roughly $1 trillion deal on infrastructure. But they are struggling with...
