There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?

There-Are-Signs-Inflation-May-Have-Peaked_-but-Can-It-Come-Down-Fast-Enough

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 […]

Joe Biden Praises ‘Jobs Machine’ After Employment Roars Upward

Biden Praises ‘Jobs Machine’ After Employment Roars Upward by First American News

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 […]

U.S. Sanctions Aimed at Russia Could Take a Wide Toll

U.S. Sanctions Aimed at Russia Could Take a Wide Toll

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 […]