Download here Former Treasury Secretary Larry Summers addresses the Spring Meetings of the International Monetary Fund and the World Bank in Washington, D.C. on April 16, 2015. Nicholas Kamm/AFP via Getty Images Summers rejected the idea that Democrats were allowing a loophole for wealthy investors to stay in place. He also appeared to attack Sinema, whose investment industry is among ...

The FTSE 100 index stabilized as Fed officials said inflation ‘victory’ remains elusive Good morning and welcome to our live coverage of business, economics and financial markets. Stock markets around the world rebounded after US CPI inflation slowed in July. However, Federal Reserve officials have done their best to ensure that the world’s largest and most powerful economy is not ...

The pace of price increases in the US eased in July as gas prices eased, bringing the annual inflation rate down to 8.5%, still close to multi-decade highs but lower than the four-decade peak seen in March. The July figure, while still high, is a significant drop from the 9.1% annual rate recorded in June and gives hope that US ...

What flew up must also go down. right? Inflation has risen sharply in the past year. But price increases in July were “only” 8.5% higher than last July, compared to an annual rate of 9.1% in June. Maybe the worst is over? Americans have felt a hit at the fuel pump, at the grocery store, at restaurants, and when planning ...

There has been a lot of discussion about the revised tax credits for electric vehicles, which we’ll see as part of the recently passed inflation-cutting legislation. While the bill contained many other things, including a controversial expansion of the IRS, the clean tech world focused on how the bill would affect electric cars. Unfortunately, there are no easy answers. About ...

Download here After rising to a 40-year high in June, inflation eased slightly in July. Thanks to the low gasoline index Consumer Price Index (CPI) was unchanged from the previous month after the seasonally adjusted 1.3% in June data released on Wednesday by Bureau of Labor Statistics. On an annual basis, the CPI for all items rose 8.5% in July, ...

aOver the weekend, US Democrats overcame a months-long political struggle to pass an anti-inflation law in the Senate, marking a major victory for President Joe Biden and “primitives” ahead of the US midterm elections. The bill represents the largest climate investment in US history of $369 billion in climate and clean energy, and is expected to enable the United States ...

The government needs to spend an additional £44 billion on public services over the next three years to keep pace with rising inflation and avoid sharp cuts, according to an analysis by the Institute for Fiscal Studies. In a review of rising public sector costs, the International Financial Services Corporation said that without additional funding, government budgets would be swamped ...