WASHINGTON—All tools are on the table to address rising inflation, including reductions of tariffs on Chinese imports, U.S. Trade Representative Katherine Tai said on Monday, but she stressed that any policy shift needed to keep medium-term goals in mind. Such goals include building a more resilient, durable, global economy that served workers as well as…
US Trade Chief Tai Says All Tools on Table to Beat Inflation, Tariffs Not Top of List
US Consumer Prices Surge in June, Inflation Climbs to 13-year High
July 13, 2021
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WASHINGTON—U.S. consumer prices rose by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum. The consumer price index increased 0.9 percent last month, the largest gain since June 2008, after advancing 0.6 percent in May,…
US Weekly Jobless Claims Increase More Than Expected
WASHINGTON—The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses. Initial claims for state unemployment benefits totaled a seasonally adjusted 965,000 for the week ended Jan. 9, compared to 784,000 in the prior…
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