Economy

Fed Study Reveals How Long US Consumers Expect Roaring Inflation to Persist

Fed Study Reveals How Long US Consumers Expect Roaring Inflation to Persist

A New York Fed research paper said American consumers expect no relief from high prices in the near-term, believing the current bout of roaring inflation will keep percolating for the next twelve months before finally losing steam over a three-year horizon. A new analysis from the New York Fed found that US consumers polled about …

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The Rise of Zombie Firms Risks Another Disastrous Crisis

The Rise of Zombie Firms Risks Another Disastrous Crisis

Such sweeping problems as soaring inflation, poor-quality jobs, or low growth may not seem related to the management style of The Officee’s Michael Scott Paper Company or pyramid schemes like Elizabeth Holmes’s Theranos. Yet there may be more to this connection than meets the eye. The recovery after the COVID-19 crisis pointed to several weak …

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North Carolina business owners alarmed about inflation: This is 'uncharted territory'

North Carolina business owners alarmed about inflation: This is ‘uncharted territory’

NEWYou can now listen to Fox News articles! A North Carolina small business owner warned the current state of the US economy is “uncharted territory” as inflation and demand drive costs of consumer goods to new levels. “Fox & Friends Weekend” co-host Rachel Campos-Duffy spoke with diners at Wayside Family Restaurant in Concord, North Carolina, …

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A short introduction to antitrust economics, via Twitter — Quartz

A short introduction to antitrust economics, via Twitter — Quartz

In October 2015, Jason Furman, then chair of President Obama’s Council of Economic Advisers, sounded the alarm about rising monopoly power in the US. In a paper with fellow economist Peter Orszag, Furman attributed some of the rise in US income inequality to companies’ ability to avoid the pressures of truly competitive markets. Furman and …

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CBO debt estimates undercut Biden's big deficit reduction claims

CBO debt estimates undercut Biden’s big deficit reduction claims

While newly released numbers from the Congressional Budget Office do not project a recession in 2022, the office’s long-term analysis projects a sharply increasing national debt that the Biden administration, or a future one, will need to tackle. President Joe Biden has bragged about reducing the deficit by $1.5 trillion from 2021 to 2022, but …

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Big Lots Stock Plummets After Surprise Q1 Loss As Inflation Bites

Big Lots Stock Plummets After Surprise Q1 Loss As Inflation Bites

Updated at 9:50 am EST Big Lots (BIG) – Get Big Lots, Inc. Report shares plunged lower Friday after the discount retailer posted a surprise first quarter loss amid what it called “significant” cost and margin pressures brought by the fastest US inflation in more than forty years. Big Lots said it lost $11.1 million, …

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