But on another front — supply chain backlogs — there are some welcome signs of relief. What’s happening: An indicator tracking supply chain stress compiled by UBS has improved significantly after peaking in October, the bank said this week. It
Tag: Inflation
Bullard says the Fed needs to ‘front-load’ tightening because inflation is accelerating
St. Louis Federal Reserve President James Bullard made his case for a rapid move higher in interest rates, saying Monday that the central bank needs to react to accelerating inflation. “I do think we need to front-load more of our
Annual Inflation Rate Hits Highest Mark in 40 Years
President Joe Biden delivers remarks on the economy and the Labor Department’s September jobs report at the White House in Washington, D.C., October 8, 2021. (Evelyn Hockstein/Reuters) The consumer price index went up by 7.5 percent over the last year,
Key Inflation Metric Grows at Fastest Pace Ever Recorded
A shopper browses at a Ralphs grocery store in Pasadena, Calif., June 11, 2020. (Mario Anzuoni/Reuters) The producer price index jumped 9.6 percent in November compared to the same month last year, the highest year-over-year increase since record-keeping began in
GOP senator likens Biden to ‘the Mad Hatter’ for pushing BBB amid inflation
Sen. John Barrasso likened President Biden to “the Mad Hatter” for trying to push his $2 trillion Build Back Better social spending plan through the Senate amid the worst inflation in more than 30 years. Barrasso (R-Wyo.) said he sees the
Inflation, supply-chain kinks squeeze holiday toy drives for children
Inflation, supply-chain kinks squeeze holiday toy drives for childrenNews Sports Entertainment Life Money Tech Travel Opinion Toy prices are expected to be up 10% this holiday season, putting more families in need of help. Supply chain delays have lowered inventory
Inflation Is Not The Biggest Thing Happening In The Economy Right Now
WASHINGTON ― Rising prices have crushed consumer sentiment and become a major political story as President Joe Biden struggles to enact the broad social policy agenda that helped him win the White House last year. But inflation is actually just
Biden Economic Adviser Defends Comments Downplaying Inflation
National Economic Council director Brian Deese at a press briefing in the White House, Washington, D.C., July 2, 2021 (Kevin Lamarque/Reuters) National Economic Council director Brian Deese said on Sunday that he and President Biden were not wrong months ago
Yellen: U.S. Must Keep Making Progress against COVID-19 to Control Inflation
Treasury secretary Janet Yellen during a news conference in Dublin, Ireland, November 1, 2021 (Clodagh Kilcoyne/Reuters) Treasury secretary Janet Yellen blamed the COVID-19 pandemic for the record inflation increase the U.S. is seeing and said the country must continue to
Inflation: Farewell to Transitory
The week of November 8: inflation, climate, antitrust, and much more. NRPLUS MEMBER ARTICLE I began this week expecting that the next Capital Letter was going to be about the second week of the climate talks in Scotland, but
Anatomy of an Inflation Mess
Policy-makers risk a doom loop whereby inflation today begets more inflation tomorrow. Here’s how we got here. NRPLUS MEMBER ARTICLE O ctober’s inflation numbers, released this week, notched the highest level since the 1990s. Policy-makers have spent the past year
Democrats Have Only Themselves to Blame for the Inflation Fiasco
Biden and his party are violating the ‘do no harm’ principle in the face of an economic crisis. NRPLUS MEMBER ARTICLE I t’s been quite a spectacle watching people who credit Democrats with every job created and every percentage point
Treasury yields climb as investors eye key inflation data
U.S. Treasury yields climbed on Wednesday morning, ahead of the release of key inflation data. The yield on the benchmark 10-year Treasury note gained more than 2 basis points, rising to 1.4796% at 4 a.m. ET. The yield on the
Kraft Heinz, Mondelez Plan to Hike Prices for Popular Snacks and Sweets amid Rising Inflation: Report
Kraft and Heinz products on a grocery store shelf in New York in 2015. (Brendan McDermid/Reuters) Kraft Heinz and Mondelez plan to raise prices on a number of their classic consumer favorites for retail customers beginning next year due to
Energy, Climate Policy, and Inflation
A woman walks her dog along Energy Street past a disused gas holder in Manchester, England, September 23, 2021. (Phil Noble/Reuters) The week of October 11: a grim cocktail (an energy crunch, inflation, and a supply-chain mess) and much, much