#Fed struggles to find new leverage as strong economy, inflation refuse to budge much

Admin3 years ago013 mins

Facing a stronger-than-expected economy and sticky inflation in core prices, the Federal Reserve signaled Wednesday it’s going to hike interest rates two more times before the year is through despite taking a break in June. The June pause marks the first interval in one of the fastest quantitative tightening cycles in the history of the…

#Recession already here for many Americans, as buying power, credit, social net shrinks

Admin3 years ago019 mins

The stock market may be closely watching the chance of an official economic recession, but many Americans across the country are already feeling the squeeze as they contend with higher prices and borrowing costs than they saw a year ago. While Evelyn Canela, 31, a senior program director at a nonprofit based in Harlem, said…

#The Hill’s Morning Report — House passes spending bill, narrowly avoiding shutdown

Admin3 years ago034 mins

The Hill’s Morning Report — House passes spending bill, narrowly avoiding shutdown Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….