The rising cost of groceries and gas is fueling the fastest increase in consumer prices in 40 years and widening the inflation gap between the rich and poor.
October’s employment report was rosy, with more than 500,000 jobs added in the month. There were also signs that the American workforce was heading back to the old normal.
Fed Chair Jerome Powell prepares for the end of the era of cheap money.
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The Federal Reserve decided to slow its pace of bond-buying, potentially the beginning of the end of a program that’s been supporting the economy since March 2020.
Would a default mean an end to the dollar’s position as the go-to trading currency?
AP Photo/Jacquelyn Martin
A handful of banks now dominate the US financial sector. This consolidation has resulted in higher costs for consumers and small businesses and put the economy at greater risk of a financial crisis.
The U.S. economy bounced back in record time.
AP Photo/Gerald Herbert
The average price of US goods and services surged in April, leading some to worry the economy is beginning to experience dangerously high levels of inflation. A scholar explains why that’s unlikely.
Child care and preschool are a strain on family budgets.
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With fewer funds to fall back on, minority-owned enterprises have struggled in the recession. To make things worse, many are in sectors that have been badly hit by lockdowns.
Biden has made fixing the economy one of his top priorities.
AP Photo/Evan Vucci
Biden proposed $1.9 trillion in new coronavirus relief spending to help with the economic fallout of COVID-19. Four economists have a few ideas for him.