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.
Exuberant Republicans cannot wait for the 2022 mid-term elections that they expect will restore their congressional majorities and the 2024 presidential contest to put one of their own back in the Oval Office.
Christmas tree prices are surging as suppliers are struggling to meet demand. Supply chain issues, extreme weather and a growing shortage of truck drivers amid fears of mass firings due to Joe Biden’s vaccine mandate has led to higher prices for both real and artificial trees. Tree prices have spiked upwards of 30%, industry officials told the AP.
According to new polling, approximately half of Americans say they are directly feeling the negative impact of record inflation in the US, with some saying the hardships they’re facing are severe.
Luxury apartment or essential housing? How America’s most notorious junk municipal bond peddlers are getting rich off California’s affordability crisis.
