Inflation is racking the US economy, and voters blame President Biden. Twice as many people think his actions are hurting the economy as helping, and nearly half think his policies will push inflation even higher, a poll shows.
Surging inflation will cost millions of Americans more than $3,000 in additional expenses this year, according to a Penn Wharton University of Pennsylvania Budget Model (PWBM) analysis published on Wednesday.
Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their fastest pace since 1982, with investors bracing for what could be a market-moving data drop.
U.S. unit labor costs rose sharply in the third quarter, while productivity declined at its fastest pace since 1960, adding to signs of persistently high inflation.
Luxury apartment or essential housing? How America’s most notorious junk municipal bond peddlers are getting rich off California’s affordability crisis.
Ghislaine Maxwell and powerful pedophile Jeffrey Epstein were “partners in crime” and she was an “essential” part of his scheme to prey on underage girls, prosecutors charged Monday, the first day of the accused madam’s hotly anticipated trial.
