American citizens are more interested in the Biden administration tackling inflation than focusing on helping Ukraine in its war against Russia, a recent poll by YouGov shows. When asked about issues that ought to be President Joe Biden’s top priority, 38 percent of respondents voted for lowering or eliminating inflation, according to the results of…
Poll Shows More Americans Want Biden to Focus on Inflation Than Russia–Ukraine War
July 4, 2022
admin
Business & Marketsdisposable incomeeconomyExecutive Branchhigh inflationhigher pricesinflationPoliticsRussia ukraine conflictUSUS News
0 Comment
Many Americans Facing ‘Severe’ Hardship From Elevated Gas Prices: Gallup Poll
Elevated gasoline prices are squeezing U.S. citizens, making life financially harder and forcing them to cut back on spending, according to a new Gallup poll. Among the respondents, 67 percent said that recent gas price increases were causing them hardship, which is the highest level since May 2011. This is up from 52 percent in…
‘Recessions Aren’t All the Same’: Treasury Secretary Yellen
June 22, 2022
admin
Business & Marketseconomic recessioneconomyExecutive Branchhigh inflationinflationPoliticsrecessionSecretary of Treasury Janet YellenunemploymentUS
0 Comment
U.S. Treasury Secretary Janet Yellen insisted that not all recessions are alike and that it might be possible to bring down inflation while maintaining full employment. The usual view that two quarters of negative growth indicates a recession “has typically worked,” Yellen said to reporters on June 21 when asked about how she would measure…
Fed Promises ‘Unconditional’ Commitment to Fighting Inflation
June 19, 2022
admin
Business & Marketseconomic recessioneconomyFederal Open Market Committee (FOMC)high inflationinflationU.S. interest rate hikesUS
0 Comment
The Federal Reserve has promised to fight inflation unconditionally while also warning about a rise in inflation expectations in its latest Monetary Policy Report. The Federal Open Market Committee (FOMC) has been “adjusting” its policies and communications since last fall in response to inflationary pressures, it said in a June 17 report. “The Committee is…
Corporate Junk Bond Spreads Exceed 500 Basis Points For First Time in Over 18 Months
June 19, 2022
admin
Business & Marketseconomyfloating-rate leveraged loanshigh inflationinflationjunk bondsMarketsU.S. interest rate hikesUS
0 Comment
Spreads on U.S. junk-rated corporate bonds have surpassed 500 basis points for the first time since November 2020. Junk bond is another name for a high-yield bond. On Thursday, the spread rose by 31 basis points to 508 points according to data from the Bloomberg U.S. Corporate High Yield index. In the past two weeks,…
Inflation in Europe: Swiss National Bank Raises Interest Rate by 50 Points
The Swiss National Bank (SNB) raised its policy interest rate on Thursday for the first time in 15 years as it attempts to fight off inflation. The policy hike comes into effect on June 17. “The SNB is tightening its monetary policy and is raising the SNB policy rate and the interest rate on sight…
Are the Carter-Biden Comparisons Really Fair? Yes and No
Commentary As summer approaches and midterm elections loom, it’s hard to imagine a worse climate for President Joe Biden. The average price of gasoline is creeping toward $5 a gallon, inflation is at 40-year highs, and stocks are red, with the Dow, S&P, and Nasdaq down 9.8 percent, 14 percent, and 23 percent year-to-date, respectively….
NRA ‘Intimidation’ Affecting Gun Policy, Overturning Roe v. Wade Could Result in ‘Mini-Revolution’: Biden
June 9, 2022
admin
economyExecutive Branchhigh inflationJimmy Kimmel LiveJoe BidenNRAoil drillingPoliticsroe v wadeSocial IssuesUS
0 Comment
President Joe Biden talked about guns, the Republican party, the economy’s performance after he took office, inflation, and the abortion issue on Jimmy Kimmel’s talk show Thursday. Kimmel opened the interview with a question related to guns and schools. “There have been 27 shootings at schools,” this year, “Why haven’t we done anything about this?”…
White House Downplays Economic Concerns, Claims Nearly 80% Americans ‘Financially Comfortable’
June 8, 2022
admin
Biden administraitonBusiness & MarketseconomyExecutive Branchhigh inflationinflationKarine Jean-PierrePoliticsUSUS economyUS News
0 Comment
White House press secretary Karine Jean-Pierre tried to defend President Joe Biden’s handling of the economy by downplaying the results of a Wall Street Journal survey which showed that 83 percent of respondents felt the country’s economy was “poor or not so good.” When a reporter asked about the survey during a June 7 press…
US Industry Growth and Inflation Highlighted in McKinsey Global Trends and Risks Report
June 8, 2022
admin
Business & Marketsconsumer priceeconomyhigh inflationinflationInternationalmanufacturing PMIpurchasing managersUSWorld
0 Comment
McKinsey has released its “Global Economics Intelligence Critical Trends and Risks” May 2022 report. The global management consulting firm’s report highlights the expansion of American industry, commodity price increases, and central banks’ move against inflation. The U.S. manufacturing purchasing managers’ index (PMI) improved to 59.2 in April, up from 58.8 in March, according to the…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`