Wall Street Journal (June 27)
“Workers throughout the economy are demanding bigger raises to compensate for soaring prices. This could push inflation higher as companies pass along higher wage costs in the price of goods and services.” Though bond markets haven’t determined “how serious the Fed is about controlling inflation… workers aren’t waiting to find out as they seek higher pay.”
Tags: Bond market, Compensate, Demanding, Economy, Fed, Goods, Inflation, Pay, Raises, Services, Soaring prices, Wage costs, Workers
Washington Post (July 30)
“Trump has repeatedly said he would protect American farmers in the trade war, last week setting aside $12 billion to help them, but he is facing pressure to extend aid to other industries…. The U.S. Chamber of Commerce on Monday estimated the total price tag could hit $39 billion if Trump compensated the losses across all industries.” But most “critics of Trump’s trade policy are calling on him to de-escalate the trade war rather than try to bail out the businesses hurt by it.”
Tags: Bail out, Chamber of Commerce, Compensate, De-escalate, Farmers, Industries, Losses, Trade policy, Trade war, Trump, U.S.
