Federal Reserve

Producer prices increased by more than expected in August, a reminder that inflation pressures continue to linger in the economy.

A new report from the Chicago Federal Reserve on business conditions in the central bank’s seventh district paints a picture of slowing growth and historically high price pressures, with labor cost inflation at a record high.

Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe.

The economy fell far short of predictions and added just 235,000 new jobs in August as the delta variant of COVID-19 surged.

WTI crude oil snaps 7-day losing streak rising to the $65 per barrel level

Companies raise prices in response to higher labor costs, fanning inflation further

Manufacturing activity growth decelerated sharply in New York.

Prices rose 1% month over month

Joe Biden is teetering in the corner. His popularity is careening downward due to the concurrent major crises he created: the border disaster and the inflation spike.