Tag Archives: economic conditions

[ad_1] CNN  —  Democratic Sen. Michael Bennet of Colorado on Sunday defended his party on the issue of inflation, arguing the US is dealing with a global problem as his GOP rival sought to pin blame on the incumbent senator for rising prices. In a pair of wide-ranging, back-to-back interviews …

[ad_1] CNN  —  White House economic adviser Cecilia Rouse on Sunday defended the limited progress the Biden administration has had on tamping down inflation, responding to comments from President Joe Biden last week that tried to put a positive spin on the high rate. “We’re starting to see signs that …

[ad_1] Hong Kong CNN Business  —  When Xi Jinping came to power a decade ago, China had just overtaken Japan to become the world’s second largest economy. It has grown at a phenomenal pace since then. With an average annual growth rate of 6.7% since 2012, China has seen one …

[ad_1] London CNN Business  —  UK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big part of her discredited economic strategy in a desperate bid to rescue her month-old premiership. At a Downing Street news conference, Truss said she was scrapping plans to reverse an …

[ad_1] New York CNN Business  —  Prices at the grocery store continued to soar last month, adding even more pressure to shoppers’ wallets. The food at home index, a proxy for grocery store prices, increased 0.7% in September from the month prior and a stunning 13% over the last year, …

[ad_1] New York CNN Business  —  Jerome Powell and other members of the Federal Reserve are obsessed with choking off inflation once and for all, even if the Fed’s series of aggressive rate hikes slow the economy to a crawl. That could be bad news for consumers, investors and Corporate …

[ad_1] CNN  —  Cities, towns and villages are expecting spending to decline by nearly 3% for fiscal 2022 compared with the year before, in anticipation of an economic slowdown in the near future, according to the National League of Cities’ annual City Fiscal Conditions report. Municipalities are expecting a 4% …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  September’s hotly anticipated jobs data ended up …

[ad_1] London CNN Business  —  Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises. The group was recognized by the Royal Swedish Academy of Sciences for their work in the early …

[ad_1] Editor’s Note: Sign up to get this weekly column as a newsletter. We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN  —  “Can you tell me where we’re headin’?” Bob Dylan asks in his 1978 song “Señor.” Is it “Lincoln …