Tag: inflation

February 8, 2024

The global economy is heading towards monetary easing, expected to arrive in the following months. This could trigger a rebound in trade growth dynamics and demand across the board. In its latest weekly report, shipbroker Xclusiv said that “despite record […]

February 6, 2024

Federal Reserve Chair Jerome Powell said Sunday his committee is unlikely to consider cutting the federal funds rate at its next meeting in March. The implication from his remarks in a “60 Minutes” interview was that the board would not […]

September 18, 2023

Traders in interest rate futures shrugged off the report of faster inflation, setting 97% odds that the Fed after a two-day meeting on Sept. 20 will hold the federal funds rate at the current level, according to the CME FedWatch […]

July 12, 2023

After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with 12 months earlier — a sign that the Federal Reserve’s interest rate […]

April 7, 2023

America’s employers added a solid 236,000 jobs in March, suggesting that the economy remains on solid footing despite the nine interest rate hikes the Federal Reserve has imposed over the past year in its drive to tame inflation. Trucking jobs […]

October 27, 2022

All summer long, Aleen Hudson kept looking for a new minivan or SUV for her growing passenger shuttle service. She had a good credit rating and enough cash for a down payment. Yet dealerships in the Detroit area didn’t have […]

October 12, 2022

Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels. The Oct. 12 report from the Labor Department also showed that the producer price index — […]

September 23, 2022

Oil headed for the longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic growth. West Texas Intermediate dropped below $80 a barrel on Sept. 23 […]

July 14, 2022

Republicans on the House Transportation and Infrastructure Committee will hold a roundtable July 14 with key industry stakeholders to discuss inflation’s impact on America’s infrastructure, U.S. Rep. Sam Graves (R-MO) said. Graves, the ranking member of the T&I committee, said […]

May 10, 2022

President Joe Biden said he and his advisers are weighing whether to cut U.S. tariffs on foreign imports to try to fight inflation. “We’re discussing that right now,” he told reporters May 10 after a speech on rising prices at […]

April 15, 2022

Merely unseasonable dips in freight demand have cemented into a downward trend, reflecting shippers’ overfull inventories and consumer concerns about rising inflation. Even after adjusting for tricky comps, the Outbound Tender Volume Index (OTVI) continues to underperform against year-ago levels. […]

March 2, 2022

President Joe Biden in his first State of the Union address stressed a long-term vision for the $1 trillion infrastructure bill he signed last year, and discussed domestic and international priorities his administration is targeting. “America used to have the […]

August 12, 2020

U.S. consumer prices rose in July by more than expected on a jump in auto and apparel costs, though inflation remained broadly muted as the pandemic suppressed demand. The consumer price index rose 0.6% from the prior month, following a […]

February 28, 2020

Kevin Brady, the top Republican on Ways and Means, threw cold water on the idea of sudden support among his party for an increase or index of the gas tax, saying there’s been no change. “There really has never been […]