Mounting Political Hurdles The metrics could change by 2022 but political analysts in Washington are citing a growing number of challenges for President Biden and his Party. Significantly, they will need to reach some form of agreement on social and infrastructure spending or else be permanently stamped as ineffective. Even if successful at that endeavor, it will not solve the myriad of other factors weighing on average Americans. These include:
The shortage of automobiles is symbolic of larger supply chain problems in the economy. The slow shipping of components has hit its worst level since 1987. This will cause frustration to mount as the holiday shopping season arrives.
Inflation has become an expectation and yet Democr...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...