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What’s the link between government funding for aid and new programs and that 6.8% inflation rate?
The Fed’s preferred means of measuring inflation jumped 0.6% in October.
The Treasury secretary doesn’t see a 1970s-style inflation shock on the horizon. “The Federal Reserve wouldn’t permit that to happen.”
Consumers and businesses have used pandemic benefits to pay down loan balances.
Early data from Columbia University’s Center on Poverty and Social Policy show child poverty dropped after the first child tax credit payment in July.
Wholesalers are like the middlemen of the retail supply chain, buying goods from manufacturers to sell to retailers.
For many who lost jobs, relief payments and safety nets weren’t enough to stave off the material hardship.
But homeowners are in a better position to avoid foreclosure than they were in the last crisis.