Economists: expect inflation to stick around, but it’s not time to panic
On Tuesday, the U.S. Treasury Secretary and Chairman of the Federal Reserve testified in front of a Senate committee commenting on rising inflation rates.
On Tuesday, the U.S. Treasury Secretary and Chairman of the Federal Reserve testified in front of a Senate committee commenting on rising inflation rates.
Biden promotes infrastructure law, pushes social spending during Minnesota visit
President Joe Biden used his first trip to Minnesota as president to promote the recently passed $1.2 trillion infrastructure law and to press Congress for an even bigger climate change and social spending package.
President Joe Biden used his first trip to Minnesota as president to promote the recently passed $1.2 trillion infrastructure law and to press Congress for an even bigger climate change and social spending package.
Powell says Federal Reserve may accelerate pullback in economic support
Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.
Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.
Federal Reserve: Omicron variant could make supply chain backlog, inflation worse
Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring.
Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring.
Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays
Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.
Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.
Stocks sink on new COVID variant; Dow loses 1,000 points
A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.
A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.
How rising gas prices, travel changes are impacting independent car services
Gas prices can be an extra ten bucks a month for some, but for independent car services like Chey Cab, it’s a mortgage payment.
Gas prices can be an extra ten bucks a month for some, but for independent car services like Chey Cab, it’s a mortgage payment.
Inflation eats up most of Minnesota workers' wage gains
Inflation is matching increases in Minnesota workers' average hourly earnings nearly dollar-for-dollar, meaning workers are seeing little real benefit from their paycheck gains.
Inflation is matching increases in Minnesota workers' average hourly earnings nearly dollar-for-dollar, meaning workers are seeing little real benefit from their paycheck gains.
GasBuddy expert: Twin Cities gas prices could start falling slightly ahead of holiday
On Tuesday President Joe Biden ordered 50 million barrels of oil be released from the United States’ strategic reserve to help bring down energy costs and experts say the move could have immediate but temporary impacts.
On Tuesday President Joe Biden ordered 50 million barrels of oil be released from the United States’ strategic reserve to help bring down energy costs and experts say the move could have immediate but temporary impacts.
Dollar Tree doubles down on pricing items over $1
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
Food costs up 5.3%, local restaurants feel the impact
The U.S. Bureau of Labor and Statistics released a consumer price index summary this month showing over the last year food prices have increased by 5.3 percent.
The U.S. Bureau of Labor and Statistics released a consumer price index summary this month showing over the last year food prices have increased by 5.3 percent.
Department of Labor raises federal contract workers’ minimum wage to $15 an hour
The U.S. Department of Labor announced on Monday an increase of the federal minimum wage to $15 an hour for federal contractors, giving a pay bump to hundreds of thousands of workers.
The U.S. Department of Labor announced on Monday an increase of the federal minimum wage to $15 an hour for federal contractors, giving a pay bump to hundreds of thousands of workers.
Jerome Powell nominated for 2nd term as Fed chair amid surging inflation
Biden's decision, reached after extensive consideration, strikes a note of continuity and bipartisanship at a time when surging inflation is burdening households and raising risks to the economy's recovery.
Biden's decision, reached after extensive consideration, strikes a note of continuity and bipartisanship at a time when surging inflation is burdening households and raising risks to the economy's recovery.
Supply chain issues, worker shortages cause uncertainty for Minnesota turkey farmer
Since the 1950s, Zimmerman Turkey Farm in Northfield has helped make the most important part of any Thanksgiving dinner. In a state that claims the title of #1 turkey producer in the nation, John Zimmerman says his farm generates 3.5 million pounds of the bird each year.
Since the 1950s, Zimmerman Turkey Farm in Northfield has helped make the most important part of any Thanksgiving dinner. In a state that claims the title of #1 turkey producer in the nation, John Zimmerman says his farm generates 3.5 million pounds of the bird each year.
US unemployment claims drop seventh straight week to 268,000
U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.
U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.
Target, Walmart say holiday inventory is up despite supply chain disruptions
Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.
Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.
Biden asks FTC to investigate 'illegal conduct' by oil, gas companies as prices surge
President Biden called for the FTC to probe whether oil and gas companies are engaging in criminal conduct by profiting from artificially high prices at the pump.
President Biden called for the FTC to probe whether oil and gas companies are engaging in criminal conduct by profiting from artificially high prices at the pump.
Food distributor to northwestern Minnesota schools cancels contract due to driver shortage
After a food distributor that delivers food to 57 school districts in northwestern Minnesota had to cancel their contract due to a lack of drivers, school officials had to find new ways to get food deliveries to their cafeterias.
After a food distributor that delivers food to 57 school districts in northwestern Minnesota had to cancel their contract due to a lack of drivers, school officials had to find new ways to get food deliveries to their cafeterias.
Biden signs $1T infrastructure bill into law as Congress debates climate, social bill
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
US inflation: Economists explain why consumer prices are rising
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.