The U.S. trade deficit held near its record high in February, just before the Russian invasion of the Ukraine pushed the prices of commodity exports […]
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High Gas Prices Force Gig Workers to Reconsider
When Veronica Gutierrez lost her warehouse job at the onset of the pandemic, she worried about making ends meet to provide for her eight children […]
March Jobs Report Expected To Show Another Month of Robust Hiring
Hiring is likely to have remained robust in March, showing the economy continues to improve at a time when concerns about the Russia-Ukraine war and […]
Economic recovery continues but shows signs of inflation struggles
Americans slowed their spending spree in February, a sign that consumers are beginning to react to the runup in inflation. Consumption rose by 0.2% in […]
Effects of Expired Child Tax Credit Reverberate for Families, Policymakers
When Alina McKnight’s middle daughter was experiencing a lack of motivation and mental health issues during the pandemic, her mother spent a little extra money […]
Could February’s durable goods order decline be a fluke?
Durable goods orders decreased in February following four consecutive months of increases, which is likely due to the lingering effects of the omicron variant, but […]
February Retail Sales Modestly Rise as Inflation Ensnares Consumers
Retail sales rose modestly last month as Americans continued to worry about inflation and rising food and gas costs. February retail sales were up 0.3 […]
Inflation Hits 40-Year High: Energy, Food, Housing Costs Drive 7.9% CPI Increase
Inflation hit historic highs last month as lingering supply chain issues and global tensions over Russia’s war with Ukraine dashed policymakers’ hopes that consumer prices […]
U.S. Trade Deficit Swells To New Record
The U.S. trade deficit swelled to a record high at the start of 2022, the latest sign that American demand for foreign-made goods has continued […]
Spending Jump in January Signals Economic Optimism, Tempered by Inflation
Americans went on a spending spree in January despite a wave of Coronavirus cases, indicating strong economic recovery as the pandemic recedes. Spending on goods […]