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Inflation deceleration- POLITICO

Investors, consumers and economists generally expect inflation to decelerate after the Federal Reserve raised its benchmark rate by 75 basis points in consecutive months earlier this summer.

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Running up the score

The Inflation Reduction Act got two important boosts Wednesday.

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POLITICO Playbook PM: Biden plans abortion access executive order

And Pelosi departs Taiwan.

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Where Jay Powell draws the line

Powell echoed a point he made in congressional testimony last week: There are worse outcomes than a recession.

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True unemployment is a lot higher than you think

The latest data show the “true rate of unemployment” declined in all but 11 of the 100 most populous metropolitan statistical areas last year.

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