US inflation is now much slower than last summer’s red-hot pace, but it’s not guaranteed it will drift all the way down to the Federal Reserve’s 2% target without a sharp rise in unemployment. That possibility remains unlikely.
US inflation has slowed steadily from its four-decade peak last June, and it’s expected to cool further thanks to easing car prices and rents. And if the US job market slows further, that could help bring it down even more.
In a campaign speech at a rally in South Dakota on Friday, former President Donald Trump delivered lengthy and detailed criticism of the US economy under President Joe Biden – accusing Biden of deceiving the public on the subject of “Bidenomics.”
In a campaign speech at a rally in South Dakota on Friday, former President Donald Trump delivered lengthy and detailed criticism of the US economy under President Joe Biden – accusing Biden of deceiving the public on the subject of “Bidenomics.”
As much as $135 billion in fraudulent Covid-19 pandemic unemployment insurance claims were likely paid out, according to a report released Tuesday by the US Government Accountability Office.