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From March to April, the government’s producer price index rose just 0.2 percent after falling 0.4 percent from February to March, held down by falling prices for food, transportation, and warehousing.
Wholesale prices rose modestly last month, a hopeful sign that the Federal Reserve's interest rate hikes may be cooling the economy.
Wholesale prices rose modestly last month, a hopeful sign that the Federal Reserve's interest rate hikes may be cooling the economy.
It is more of a political football that they pass back and forth to try and push one party or the other towards an agreement on spending cuts or other policy or legislation changes that they want. from an economic perspective it does not rein in government spending. think of it as a credit card. this is just the government's credit card limit and they need to raise it to pay or surpass government spending. this is not about future government spending. the simulations that have been done with the oxford economic model, there are large—scale government spending cuts if there are any which the ...
Ryan sweet is the chief us economist at oxford economics — i spoke to him a little earlier and he says he's not surprised no deal was reached. this is going to be a game of political chicken. they'll see which side bends first because both the republicans and democrats recognise that breaching the debt ceiling for this sustained basis is economically catastrophic and would be politically very damaging. when you talk about how damaging it is both for the economy and politics, it begs the question what will it take to get to a deal? is there any sense of how we might get to one in the next few...