Tag: Inflation

July 5, 2023

Nearly two-thirds (65%) of U.S. consumers routinely looked for Made in America products in the past year, a recent Morning Consult survey shows. And, economic pressures such as inflation and rising interest rates have seemingly done little to dampen consumer […]

June 29, 2023

Fed Chair Jerome Powell sent a strong signal that the Fed’s bias is toward raising interest rates to curb inflation, which is not part of the baseline forecast, nor are we ready to add it. Odds are extremely high that […]

August 23, 2022

As material costs increase and supply chain challenges continue to delay production, manufacturers’ optimism has declined, according to a new industry report. The latest Sikich Industry Pulse: Manufacturing and Distribution found that 58% of manufacturers rated their optimism about business […]

August 1, 2022

The last time we checked in on America’s fledgling solar manufacturing industry, things were looking bleak. The Biden administration announced in June that it would freeze tariffs on solar imports for two years, bowing to a massive P.R. campaign from […]

July 27, 2022

Rivian Automotive Inc. is cutting about 6% of its workforce and simplifying product plans, saying the economy has made it harder for the electric vehicle maker to raise money to build up production. The Irvine, Calif.-based company confirmed the cuts […]

June 16, 2022

The Biden administration, faced with an inflation rate that hasn’t been this high in years, is considering cutting the Section 301 import tariffs on goods from China. That might ease inflation, some White House advisers say. They’re in a tight […]

May 25, 2022

Apple Inc. AAPL 0.11%▲ is boosting pay for workers amid rising inflation, a tight labor market and unionization pushes among hourly store employees. The iPhone maker on Wednesday told employees in an email that the company is increasing its overall […]

April 13, 2022

Amazon.com Inc. will charge businesses that sell products on its website a 5% fuel and inflation fee beginning April 28, according to documents reviewed by Bloomberg, a first for the company. The new surcharge, the latest sign of companies grappling […]

April 8, 2022

Economists and analysts are skeptical that a Biden administration push to increase domestic manufacturing will have the White House’s intended effect of meaningfully taming inflation. Administration officials have said that increasing domestic manufacturing would insulate the U.S. from the kinds […]

March 10, 2022

Rising energy, food and services prices pushed already elevated U.S. inflation to a 7.9% annual rate last month—another four-decade high—with oil and commodity market disruptions from the Ukraine crisis expected to add more cost pressures. The consumer-price index, which measures […]

December 22, 2021

The relationship between the White House and U.S. oil companies has sunk to a new low at a moment when President Biden needs the industry most. Oil company executives have become openly frustrated with a Biden administration that spent months […]