The Department of Labor’s Producer Price Index, a key inflation metric, rose 0.6% in October, matching the record annual increase of 8.6% broken in September. “Elevated demand for goods over services again led the inflation story, with the price rises for final demand goods accounting for more than 60% of the index’s increase. Goods prices
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Jason Furman, the former chairman of former President Barack Obama’s Council of Economic Advisers (CEA), slammed Democrats on Tuesday for reportedly agreeing on a deal that would repeal the cap on the
On Monday, Larry Summers, a former economic adviser to President Barack Obama, responded to comments from Biden’s Treasury Secretary Janet Yellen in which she dismissed Summers’ concerns about the inflation crisis. CNN’s
Businesses are reportedly “pleading” with the Biden administration to delay its plan for COVID-19 vaccine mandates for employees of large businesses, saying the mandates could cause a “mass exodus” of employees. “Worried
Over the weekend, Treasury Secretary Janet Yellen admitted during a CNN interview with Jake Tapper that President Biden’s inflation crisis is expected to continue for the rest of the year. “So let
