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PublishedAugust 26, 2022
Chairman Powell says Fed could keep lifting rates sharply ‘for some time’
Stocks tumbled after Jerome Powell's remarks, and bond yields rose, a sign that investors foresee more large interest rate hikes ahead.
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PublishedAugust 23, 2022
Macy’s, Nordstrom cut profit views along with inventories
Both retailers are suffering from an affliction plaguing most of their competitors: A glut of unsold inventory that they're resorting to pricing at deep discounts to move.
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PublishedAugust 18, 2022
Struggling Americans feel they are in a recession, Bank of America CEO says
Brian Moynihan says the recent debate over whether the U.S. economy is technically in a recession or not is missing the point.
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PublishedAugust 18, 2022
U.S. retail sales were flat in July as inflation takes a toll
Persistently high inflation and rising interest rates forced many households to spend more cautiously.
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PublishedAugust 18, 2022
Lowe’s becomes latest employer to give workers inflation bonuses
Other businesses around the United States have been offering workers bonuses and gift cards to offset the cost of gas.
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PublishedAugust 16, 2022
Inflation Reduction Act may have little impact on inflation
Lower deficits usually lower inflation but the Congressional Budget Office determined this month that the changes would have a 'negligible' impact this year and next.
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PublishedAugust 12, 2022
Inflation Reduction Act may have little impact on inflation
The legislation won't directly address some of the main drivers of surging prices – from gas and food to rents and restaurant meals.
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PublishedAugust 12, 2022
Here’s what Biden’s big bill includes on climate, health care, deficit reduction
The package will touch countless American lives with longtime party proposals.
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PublishedAugust 3, 2022
Back-to-school shopping: Families reach for cheaper options
A basket of roughly a dozen supply items showed a price increase of nearly 15% on average for this back-to-school season compared with a year ago as inflation squeezes all areas.
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PublishedJuly 28, 2022
Biden calls inflation-fighting deal with Sen. Manchin ‘godsend’ for U.S. families
A 15% corporate minimum tax will help fund the new costs, with extra going to deficit reduction.
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