Olivia Rockeman
August 29, 2022 | Daily Business Review
Biden's Student-Loan Relief Adds New Wrinkle to Inflation DebateWhile Biden's plan to forgive a portion of student loans will reduce the burden for millions of households, it also pegs January as the end to the forbearance period.
By Olivia Rockeman, Katia Dmitrieva and Alex Tanzi
5 minute read
July 14, 2022 | Daily Business Review
Producer Prices Top Forecasts as Energy Costs Drive GainWhile the figures show persistent cost pressures, producers are starting to find some relief as commodities prices come off the boil on concerns about the demand outlook.
By Olivia Rockeman
3 minute read
July 13, 2022 | Daily Business Review
Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go BigThe red-hot inflation figures reaffirm that price pressures are rampant and widespread throughout the economy and continue to sap purchasing power and confidence.
By Olivia Rockeman
4 minute read
June 15, 2022 | Daily Business Review
Retail Posts First Drop in 5 Months as Auto Purchases PlungeSpending in recent months has been supported by consumers dipping into savings and increasingly using credit cards.
By Olivia Rockeman
2 minute read
June 10, 2022 | Daily Business Review
Inflation Quickens to 40-Year High, Pressuring Fed and BidenGrocery prices rose 11.9% annually, the most since 1979, according to Department of Labor data.
By Olivia Rockeman
4 minute read
June 02, 2022 | Daily Business Review
Labor Market to Show Emerging Dichotomy of Tightness, RisksWhile the composition of employment has shifted in the last two years, the U.S. has now recovered 95% of jobs lost during the first two months of the pandemic.
By Olivia Rockeman and Reade Pickert
5 minute read
May 17, 2022 | Daily Business Review
US Consumers Power On, Though Borrowing Pickup Highlights RiskRecent gains in overall retail sales, combined with solid earnings reports from retailers, foreshadow strong second-quarter consumption and suggest consumers aren't yet deterred by higher inflation.
By Olivia Rockeman and Vince Golle
3 minute read
April 28, 2022 | Daily Business Review
US Economy Contracts, Belying Solid Consumer PictureCritics of President Joe Biden, whose poll numbers have sunk, may seize on the GDP figures to indicate his policies aren't working.
By Olivia Rockeman
4 minute read
April 13, 2022 | Daily Business Review
US Producer Prices Jump Record 11.2% From Year AgoTransportation bottlenecks and labor shortages are complicating matters for manufacturers and other producers trying to balance supply with steady demand.
By Olivia Rockeman
3 minute read
April 12, 2022 | Daily Business Review
Inflation Quickens to 8.5%, Ratcheting Up Pressure on FedThe March consumer price index reading represents what many economists expect to be the peak of the current inflationary period, capturing the impact of soaring food and energy prices after Russia's invasion of Ukraine.
By Olivia Rockeman
4 minute read
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