Biden Administration Keeps China Tariffs
The Biden administration will keep in place tariffs levied on imported Chinese goods valued at $370 billion.
The Biden administration will keep in place tariffs levied on imported Chinese goods valued at $370 billion.
The U.S. Energy Information Administration (EIA) reported average national regular gasoline prices falling less than a penny from the previous week.
First-time filings for unemployment benefits jumped last week, hitting the highest level in a month, the Labor Department reported Thursday.
Gas prices rose to their highest level since August, a seven-year high, as Hurricanes Ida and Nicholas slowed oil production.
Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers.
The New York Fed’s Empire State business conditions index surged 16 points to 34.3 in September, the regional Fed bank said Wednesday.
Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool.
A confluence of factors, from an unusual Texas freeze to ongoing supply chain issues, has created a paint shortage and a price surge.
Prices that producers get for final demand goods and services surged in August at their highest annual rate since at least 2010.
First-time filings for unemployment claims in the U.S. dropped to 310,000 last week, easily the lowest of the Covid era.
Job creation for August was a huge disappointment, CNBC reported, with the economy adding just 235,000 positions.
Initial filings for unemployment insurance fell last week to their lowest levels since March 2020 in another sign that the labor market is gradually improving.
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