Joe Biden

How China is helping to fuel record-high inflation

Supply chain constraints, government spending and consumer demand have pushed inflation in the U.S. to the highest level in 40 years – but geopolitical elements are also fueling rising prices.

Grim GDP report undercuts Democrats' midterm messaging

The latest Gross Domestic Product (GDP) numbers out Thursday are poised to hamper Democrats' key argument heading into the midterm elections that the U.S. economy has rebounded from the dark days of the coronavirus pandemic.

US economy on brink of 'major recession,' Deutsche Bank warns

Deutsche Bank economists are doubling down on their prediction, forecasting a severe recession within the next two years as the Federal Reserve moves to tame the hottest inflation in four decades with a series of mega interest rate hikes.