Federal Reserve Chairman Jerome Powell said this week that interest rate increases could be higher and come faster if Friday’s unemployment data shows the nation’s labor market isn’t cooling off. Stock indexes fell after his comments.
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inflation
inflation
Across the nation, prison commissaries are raising prices on items that many consider basic necessities — from deodorant to fresh fruit — not provided by the state department of corrections. The markups come as decades-high inflation is also squeezing inmates’ families, making it harder for them to help. It’s a burden that families shouldn’t have to shoulder, advocates say, and a situation that some worry will lead to unrest or violence.
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North Carolina lawmakers should learn from past national experience and rethink state's fiscal policies Did you know progressive taxes helped beat Hitler? If not, don’t worry, you’re not alone. It’s worth looking back at how taxes helped tackle inflation during WWII and what lessons NC leaders still need to draw from that bit of economic history.
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The state budget passed for the 2022-23 fiscal year fails to adequately address the impacts of inflation. Even with federal aid and a robust recovery driving higher than expected revenues, the state budget fell short of meeting the challenges created by inflation running at a 40-year-high in several ways...
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What a lot of complaining I hear about gas prices. I’ve done some myself. I also see a lot of blaming, especially of President Joe Biden. “It’s all his fault.” Hmm, could Russia’s invasion of Ukraine have just a little bit to do with the latest surge in prices at our gasoline pumps? Oil is a dense fuel, moved around with relative ease across the globe.
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WASHINGTON — President Joe Biden on Wednesday called on Congress and state legislatures to provide a temporary reprieve from gas taxes — but members of his own party and Republicans appeared opposed, making it look unlikely on the federal level. In addition, many state legislatures are out of session for the year and aren’t expected to return to their capitals until January.
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The 2022 Living Income Standard soars to new heights When COVID-19 arrived, few (if any) pundits predicted inflation would become one of the most fretted-over issues in 2022, but here we are. Supply chain disruptions, pent-up demand, war in Ukraine, and myriad other factors have made it harder and harder for many working families to make ends meet.
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An economist explains why investments in childcare and eldercare could aid the U.S. economy Inflation is by far the biggest economic concern facing the U.S. economy today. While job growth is historically rapid and survey evidence indicates that workers think now is the best time in years to find a good job, the inflation surge has kept this labor market strength from translating into higher wages and incomes for most households.
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Earlier this past month, Senator Thom Tillis tweeted something that no one could disagree with. “During #BlackHistoryMonth, we recognize the experiences and contributions of Black North Carolinians to our state.” Those are easy words. But, the fact is, Senator Tillis blocked the historic appointment of a Black North Carolinian to the powerful Board of Governors of the Federal Reserve System in the same month.
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The subject of inflation has been on many tongues in the public policy world of late – especially as Republican politicians comb every nook and cranny of the news cycle for topics with which to launch broadsides at the Biden administration. In November, Congressman Ted Budd – a candidate for Richard Burr’s soon-to-be-available U.S. Senate seat – introduced a snarky bill that would “require all personnel in the Biden White House to complete a financial literacy course focused on inflation.”
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Hint: It has something to do with the realities of a market economy “In less than a year, Joe Biden has crippled our domestic energy production,” Adam Laxalt (a Republican candidate for a Nevada U.S. Senate seat) tweeted last week. “We’re feeling the effects of Democrat (sic) leadership right now every time we go to the gas pump,” reads a recent fundraising missive from the Nevada Republican Party.
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