In remarks to campaign staff in Delaware on Monday and a campaign speech in Wisconsin on Tuesday, the vice president focused on key parts of President Biden’s domestic agenda that failed to pass because of resistance from Republicans and centrist Democrats.
economy
Posted inBusiness
IMF’s economic view: Brighter outlook for China and India but tepid global growth
Overall, the International Monetary Fund said it still expects the world economy to grow a lackluster 3.2% this year.
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Posted inBusiness, Nation / World, News
Food companies feel the pain as consumers reject higher prices
Faced with revenue and unit sales declines in recent months, snack giants PepsiCo and Conagra confront the reality of “value-seeking behavior.”
Posted inBusiness, Nation / World, News
Fed chair Jerome Powell not prepared ‘yet’ to say he’s confident about inflation
The Fed chair has avoided giving any strong signals on the timing of interest rate cuts, though he has emphasized policymakers face risks from both moving too quickly or too slowly to take action.
Posted inBusiness
U.S. employers add solid 206,000 jobs in sign of continued economic strength
Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices.
Posted inBusiness, Nation / World
Fed diverges from global peers in new era of higher for longer
The Fed staying on hold raises questions around harmful foreign-exchange volatility and risks undermining progress on getting inflation down, according to analysis by Bloomberg Economics.
Posted inBusiness, Nation / World, News
Yellen says China’s trade policies could ‘interfere significantly’ with U.S. bilateral relationship
Yellen’s speech comes as former President Donald Trump presents his case before the Business Roundtable in Washington, an association of more than 200 CEOs, for why the economy would be better if he returned to the Oval Office.
Posted inBusiness, Nation / World, News
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
In the U.S., a big reason why inflation remains above the Fed’s target is that distortions stemming from the pandemic are still keeping prices elevated.
Posted inBusiness
Target reports sales decline as discretionary spending remains tepid
U.S. consumers remain resilient, though the broader environment remains complicated and challenging, executives said.
Posted inNation / World, News, Politics
Voters prefer Trump over Biden on economy. This data shows why
In an April poll, respondents said by 51% to 32% they were doing better financially under Trump than Biden.