Falling commodity prices, bond yields, inflation expectations fuel optimism on price pressures Growing signs that price pressures are easing suggest that June’s distressingly high 9.1% increase in consumer prices will probably be the peak. But even if inflation indeed comes down, economists see a slow pace of decline. Ed Hyman, chairman of Evercore ISI, pointed […]
Weather issues give U.S. growers anxiety in a year when a banner harvest would help global food concerns Intense heat and dry conditions are stressing U.S. agriculture, threatening corn, soybeans and other crops, as well as cattle herds. Scorching temperatures this past week have put swaths of the U.S., especially in the South and West, […]
First American News LLC: Raleigh, NC: President Joe Biden said America is “back to work” and putting the Covid-19 pandemic behind it, after the labor market showed unexpected strength last month even as cases of the virus surged. “America’s job machine is going stronger than ever,” Biden said at the White House on Friday. He […]
First American News LLC, Raleigh, NC: The boldest measures that President Biden is threatening to deter an invasion of Ukraine could roil the entire Russian economy — but also those of other nations. The most punishing sanctions that U.S. officials have threatened to impose on Russia could cause severe inflation, a stock market crash and […]