The U.S. economy could slide into a recession next year, according to Bank of America strategists, as the Federal Reserve ramps up its inflation battle with more rate hikes. Read More.
Businesses are also worried about inflation leading to margin compression, a situation when input costs rise faster than a product’s sales price. Read More.
Nearly a million and a half Americans could lose their job next year, according to a new report from the Federal Reserve, a negative turn that would put an end to President Joe Biden's favorite economic talking point. Read More.
Joe Biden was let out of the basement on Tuesday, and boy did it produce some viral clips, with the content ranging from hilarious to disturbing, to infuriating.
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Americans will pay $450 more for gas in 2022 than they did last year on an inflation-adjusted basis, the Energy Information Administration (EIA) estimated this week.
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