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About one-quarter of 171 economists responding to a question about key risks to the global economic recovery said more supply chain disruptions or upticks in COVID-19 infections were the top risks.
Many of today's investors haven't experienced high inflation firsthand. What's the best strategy for managing your portfolio, given today's inflation rate of 5.4%, the highest in years?
The claims decreased to 293,000 last week, as compared with 329,000 a week earlier, the agency said. The four-week moving average for unemployment claims fell to 334,250-the lowest since March 2020.
The consumer price index (CPI) rose 0.3 percent in August from July, the Labor Department said in a Sept. 14 report, with consensus forecasts predicting a slightly higher 0.4 percent rate of monthly inflation.
First-time filings for unemployment insurance, a proxy for layoffs, came in at 340,000 for the week ending Sept. 2. This is the lowest weekly claims figure since March 14, 2020, when 256,000 people filed for unemployment.
It can be helpful to look at what we know-and don't know-about inflation. Following are common misconceptions surrounding periods of high inflation, along with the truth behind these myths.
Excluding automobiles, gasoline, building materials, and food services, retail sales fell 1.0 percent in July after an upwardly revised 1.4 percent increase in June.
The dollar climbed against major currency pairs on Monday, briefly hitting a four-month high versus the euro.
Some economists have expressed concerns that if prices accelerate too fast and stay high for too long, expectations of further price increases will take hold, driving up demand for wages and potentially triggering the kind of wage-price spiral that plagued the economy in the 1970s.