Who will qualify for an inflation-relief check? The payments are similar to the stimulus checks sent by the federal government in that they are based on income, tax-filing status and household size. Lower- and middle-income Californians stand to receive the biggest checks. Single taxpayers ...
When the COVID-19 pandemic hit in 2020, bringing a brief but severe recession along with it, the Trump administration declared a state of emergency and passed stimulus measures such as the $2 trillionCoronavirus Aid, Relief, and Economic Security (CARES) Actin an attempt to provide relief to ...
then the message is clear – headline inflation is likely to drift lower, and the economy needs more stimulus. What the Fed will deliver, however, will still be within the bounds of the 2% inflation target, and thus still falls short of the increase...
competition is down, making it easier to raise prices; and, with the rest of restaurants badly damaged from COVID lockdowns, they don’t have the resiliency to avoid passing along costs. Consumers, who are mostly doing all right thanks to government stimulus checks, are ...
government covid-19 relief spending including direct stimulus payments that are finding their way into the economy and resulting in rising prices. From a pandemic-related low of USD$11,756 billion in July 2020, consumer spending which makes up two-thirds of US GDP, has risen to $1...
Missing Out. And also just plain Fear. I heard an A/C company on the radio trying to scare people into buying, saying things about shortages and increased costs. They of course suggest buying a new system ASAP to avoid the possibility of ...