Biden promised to make housing more affordable. That's not working out.
A drop in the infection rate boosted confidence but inflation fears are still rising.
Prices are up but plans to spend on gifts actually declined slightly. That points to fewer gifts this year.
"Our customers are deluged with price increases," a Texas manufacturer reported.
Pope Francis said Sunday that he hears the cries of migrants in Libya and appealed for an end to repatriation and the establishment instead of “regular migration routes.
More than two million migrants illegally crossed the border from Mexico into the United States during Fiscal Year 2021. The crossings include 1.66 million apprehended by Border Patrol agents and an estimated 400,000 classified as "got aways.
Supply chain problems are getting worse, which sets the stage for higher inflation next year.
Powell on Friday sounded a note of heightened concern about inflation and supply-side strains on the economy.
The economic recovery began before Biden took office and slowed more than expected as his term stretched on.
Fed officials will be banned from owning individual stocks and bonds under the new rules. Nancy Pelosi and others in Congress remain free to trade.
The biggest ever auction of inflation-protected securities from the U.S. Treasury saw yields drop and implied inflation expectations surge higher.
Sales of the priciest homes were strong in September and the share of sales to first-time buyers fell, highlighting increasing inequality in the Biden-era housing market.
All around the country, Fed officials are hearing of "significantly elevated prices."
No one is picking up goods in the shift starting at 3 a.m. and warehouses lack the employees to receive them.
Empty shelves will be more common in North America, followed by Europe, according to company officials.
Even when containers get offloaded from ships, they often sit in the dockyard for twice as long as usual.
The company said increased costs for transportation and raw materials will amount to $2.3 billion this year, up from the earlier estimate of $1.9 billion.
Home prices have soared but construction still lags behind expectations.
Manufacturing and capacity utilization too unexpected downturns in September.
Once you adjust for inflation, September's retail sales were not all that impressive.
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