U.S. economy News

US Inflation Report Offers a Break for Price-Weary Consumers

US consumers, unaccustomed to falling prices for the past several years, were able to breathe a little bit easier last month as many necessities — from groceries to gasoline to car insurance — became cheaper. Even many discretionary goods and …

Reducing Inequality, Hiking Minimum Wage Could Boost U.S. Economy: White House

Boosting enforcement of antidiscrimination and antitrust laws, raising the federal minimum wage and higher unionization rates could substantially boost U.S. economic growth, a new report by President Joe Biden’s top economic advisers concludes. The annual Economic Report, prepared by the …