CPI December 2021: Inflation Jumped at Fastest Pace Since 1982
The Consumer Price Index increased at the fastest pace in 40 years, a new report showed.
USA
Ethical US consumers struggled to pressure the sugar industry to abandon slavery with less success than their British counterparts
The enslaved people who produced sugar before the Civil War did dangerous and grueling work. The Print Collector/Getty ImagesTwenty-two-year-old Sam Watts saw the Virginia coastline vanish while he was aboard a domestic slave ship in the fall of 1831.
For Retail Workers, Omicron’s Impact Isn’t Just About Health
Stores are shortening hours, fitting rooms are being closed and some employees can’t go on break. “Morale could not be lower,” one retail worker said.
The Great Resignation: Historical data and a deeper analysis show it’s not as great as screaming headlines suggest
Service-focused companies are experiencing some of the highest quit rates. AP Photo/Marta LavandierThe so-called Great Resignation was one of the top stories of 2021 as “record” numbers of workers reportedly quit their jobs.
Organic Milk Farmers in Northeast Under Pressure as Processors Look West
Organic milk has been a lifeline for small farms in Maine and other New England states. Now those farms are facing trouble as milk processors look to huge dairies in Western states.
Richard Clarida Is Resigning From the Fed Early After New Questions on Trades
Richard Clarida, the vice chair of the Federal Reserve, will leave on Friday, two weeks ahead of schedule. Updated disclosures showed rapid moves out of and back into stocks as the central bank prepared to reassure markets.
Jerome Powell Will Acknowledge Inflation’s Toll in Senate Testimony
Central bankers will act to keep rapid price gains from becoming permanent, Mr. Powell, the chair of the Federal Reserve, will say during a renomination hearing.
A Fed Official’s 2020 Trade Drew Outcry. It Went Further Than First Disclosed.
Corrected disclosures show that Vice Chair Richard H. Clarida sold a stock fund, then swiftly repurchased it before a big Fed announcement.
Senator Elizabeth Warren Presses Fed for More Information on Officials' Trades
Senator Elizabeth Warren, the Massachusetts Democrat, pressed the central bank to provide more information by next Monday.
As Unemployment Falls, Interest Rate Increases Creep Nearer
The jobless rate is falling sharply and pay is jumping. That may increase the urgency as the Federal Reserve withdraws economic support.
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