Fed dialing back COVID-19 economic aid amid high inflation

Fed dialing back COVID-19 economic aid amid high inflation

In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.

In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.

US salaries grew more last quarter than they have in 2 decades

US salaries grew more last quarter than they have in 2 decades

The Labor Department said Friday that pay increased 1.5% in the third quarter. That’s up sharply from 0.9% in the previous quarter.

The Labor Department said Friday that pay increased 1.5% in the third quarter. That’s up sharply from 0.9% in the previous quarter.

Thanksgiving dinner may be more expensive as holiday staples in short supply

Thanksgiving dinner may be more expensive as holiday staples in short supply

While most will likely be able to get their hands on a turkey for Thanksgiving this year, shoppers could be shelling out more cash for it as well as other holiday staples — largely due to supply chain bottlenecks.

While most will likely be able to get their hands on a turkey for Thanksgiving this year, shoppers could be shelling out more cash for it as well as other holiday staples — largely due to supply chain bottlenecks.

DeSantis touts Florida ports amid supply chain delays

DeSantis touts Florida ports amid supply chain delays

With the White House saying incremental progress has been made in alleviating the bottleneck in the global supply chain, Gov. Ron DeSantis took another swipe Tuesday at the Biden administration as he pitched using Florida ports for cargo ships logjammed in California.

With the White House saying incremental progress has been made in alleviating the bottleneck in the global supply chain, Gov. Ron DeSantis took another swipe Tuesday at the Biden administration as he pitched using Florida ports for cargo ships logjammed in California.

Climate change: US report targets economic risks from extreme weather

Climate change: US report targets economic risks from extreme weather

A new White House report addresses how the U.S. economy could be affected by climate change, including extreme heat, flooding, storms and wildfires.

A new White House report addresses how the U.S. economy could be affected by climate change, including extreme heat, flooding, storms and wildfires.

Supply chain issues could last through winter

Supply chain issues could last through winter

Supply chain issues are causing products to be more expensive, sold in smaller quantities at the same or higher price, and are making some things hard to find.

Supply chain issues are causing products to be more expensive, sold in smaller quantities at the same or higher price, and are making some things hard to find.

Port of Los Angeles going 24/7 to ease shipping backlog, White House says

Port of Los Angeles going 24/7 to ease shipping backlog, White House says

The Port of Los Angeles will become a 24-hour, seven-days-a-week operation to help relieve supply chain bottlenecks and move stranded container ships.

The Port of Los Angeles will become a 24-hour, seven-days-a-week operation to help relieve supply chain bottlenecks and move stranded container ships.

Social Security checks to increase by 5.9% in 2022 as inflation jumps

Social Security checks to increase by 5.9% in 2022 as inflation jumps

The Social Security COLA amounts to $92 a month for the average retired worker, according to estimates released by the Social Security Administration.

The Social Security COLA amounts to $92 a month for the average retired worker, according to estimates released by the Social Security Administration.

Social security annual cost-of-living set to increase in 2022

Social security annual cost-of-living set to increase in 2022

Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.

Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.

Companies hard-pressed for holiday staff despite millions of job openings

Companies hard-pressed for holiday staff despite millions of job openings

Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.

Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.

Americans quit jobs at highest rate on record in August, Labor Department says

Americans quit jobs at highest rate on record in August, Labor Department says

One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.

One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.

Gas prices on the rise, leaving only 8 states under $3 per gallon

Gas prices on the rise, leaving only 8 states under $3 per gallon

Gas prices have jumped across the nation as oil prices reach a 7-year high, with the average price across the country now standing at about $3.25 a gallon.

Gas prices have jumped across the nation as oil prices reach a 7-year high, with the average price across the country now standing at about $3.25 a gallon.

Nobel prize for economics awarded to 3 in US for societal research

Nobel prize for economics awarded to 3 in US for societal research

The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”

The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”

September jobs report: US adds weak 194K jobs as delta maintains hold

September jobs report: US adds weak 194K jobs as delta maintains hold

U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.

U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.

Debt ceiling: Deal reached with GOP on short-term fix, Schumer says

Debt ceiling: Deal reached with GOP on short-term fix, Schumer says

A debt ceiling deal that would temporarily raise the limit through December has been reached with Republicans, Senate Majority Leader Chuck Schumer said.

A debt ceiling deal that would temporarily raise the limit through December has been reached with Republicans, Senate Majority Leader Chuck Schumer said.