US Inflation Highest In Nearly 40 Years
Under U.S. President Joe Biden’s watch, prices spiked a whopping 6.8 percent in November, compared with the same time last year, the fastest increase of inflation this nation saw in 39 years, the Federal Reserve revealed.
Inflation expectations at record level as country grapples with higher prices
Short-term inflation expectations are at their highest levels since the Federal Reserve Bank of New York began surveying consumers nearly a decade ago.
Fed officials expect higher unemployment rates by year end, signal stimulus easing, interest hike
Fed officials on Wednesday downgraded their forecast for the U.S. unemployment rates, with expectations that inflation and joblessness will rise before the end of the year.
Dow tumbles more than 600 points at Monday close, following three straight weeks of losses
U.S. stocks shed more than 600 points as the markets closed Monday. This recent plummet comes as emerging risks continue to become the September story for Wall Street.
Nearly 2 million households owe $15 billion in back rent as eviction moratorium expires
As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.
CBO projects US deficit will soar to $3 trillion this year
The Congressional Budget Office is projecting that the United States’s deficit will balloon to $3 trillion in 2021.
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