Economy

Another inflation gauge comes in hot with producer prices jumping 6.2% in April from a year ago

Workers assemble a three-wheeled electric fun utility vehicle (FUV) at the Arcimoto manufacturing facility in Eugene, Oregon, April 19, 2021. Alisha Jucevic | Bloomberg | Getty Images U.S. producer prices data for April is set to be released at 8:30 am ET Thursday. The Producer Prices Index comes into focus after Wednesday’s consumer prices report […]

Another inflation gauge comes in hot with producer prices jumping 6.2% in April from a year ago Read More »

Investors are worried about inflation data, but economists see it as a sign of temporary growth

A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters A little inflation might not be such a bad thing, after all. With the Labor Department’s inflation report Wednesday spooking stock markets, and traders blaming rising prices for a broad sell-off in technology shares, attention

Investors are worried about inflation data, but economists see it as a sign of temporary growth Read More »

Inflation spooks stocks and raises fear the Fed is wrong that the price spike is temporary

Traders look on as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 31, 2019. Brendan McDermid | Reuters Red-hot consumer inflation data for April spooked markets and raised concerns that

Inflation spooks stocks and raises fear the Fed is wrong that the price spike is temporary Read More »

Biden urges employers to boost wages but warns workers they’ll lose unemployment pay if they reject jobs

US President Joe Biden speak about the Covid-19 response and the vaccination program in the State Dining Room of the White House on May 4, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden on Monday urged U.S. companies to boost pay for workers as he outlined the steps his administration is taking

Biden urges employers to boost wages but warns workers they’ll lose unemployment pay if they reject jobs Read More »

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