#What Biden can do to lower inflation but refuses to

#What Biden can do to lower inflation but refuses to

“What Biden can do to lower inflation but refuses to” Washington’s latest inflation report shows prices rising by 8.3% over the past year and core inflation (which excludes volatile food and energy prices) continuing to accelerate. Real wages have fallen 2.7%. Moody’s Analytics and Penn-Wharton estimate that inflation is costing the average household $300 per…

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#Dow falls 500 points as jobs report fuels rate-hike worries

#Dow falls 500 points as jobs report fuels rate-hike worries

“Dow falls 500 points as jobs report fuels rate-hike worries” Another selloff hit Wall Street on Friday as robust US jobs numbers stoked investor fears that the Federal Reserve will impose bigger rate hikes in the coming months to tame surging inflation. The latest jobs report indicated that employers added 428,000 people to their payrolls…

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