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Most of America's Extra Savings During the Pandemic Are Going to the Wealthy

Most of America's Extra Savings During the Pandemic Are Going to the Wealthy
nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.

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Most of America's Extra Savings During the Pandemic Are Going to the Wealthy

Most of America's Extra Savings During the Pandemic Are Going to the Wealthy
nbcdfw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcdfw.com Daily Mail and Mail on Sunday newspapers.

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The last 6 months reveal the new economy: higher salaries, higher prices

The last 6 months reveal the new economy: higher salaries, higher prices
businessinsider.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com.au Daily Mail and Mail on Sunday newspapers.

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Fourth stimulus check latest: What's behind the push for recurring payments?

Fourth stimulus check latest: What's behind the push for recurring payments?
cbsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbsnews.com Daily Mail and Mail on Sunday newspapers.

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Rising wages are doing more good than bad, Fed's Powell says

Today’s trend is different and healthier than the wage-price spiral of the 1970s, he added.
The comments echo remarks from President Joe Biden, who’s repeatedly praised the jump in worker pay.
Wages are rising, but not to a degree that should concern economists, Federal Reserve Chair Jerome Powell said Wednesday.
The months-long labor shortage has prompted some businesses to raise wages as they scramble to rehire. Average hourly earnings rose at an unusually fast pace through spring, and healthy job creation in sectors with the largest pay bumps suggests the raises are working.
Yet the increases have raised some concerns around how higher pay might boost inflation. Price growth hit the fastest pace since April 2008 last month, reflecting dire supply shortages and overwhelming demand in the US economy. Higher pay could further accelerate inflation by lifting consumer spending and leading companies to charge more. ....

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