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Inflation hits wallets as Washington stalls action
Washington stalemate over taxes and spending deepens inflation risk. Cost of living shows steady monthly rise with a market basket up to 11.75 from a decade earlier. Higher rates raise borrowing costs for corporations and borrowers while wage price pressures grow in auto and steel sectors. Paris Texas report notes a Japanese student studying jewelry craft and future cross‑border training plans.
MENTIONED IN THIS ARTICLE
Joan Conniee
NEW York
Congress
Washington
Paris
Tex
Mitsuji Okune
Tokyo
Texas
Okune
France
England
Japan
Okuno
Gardner Ackley
President's Council of Economic Advisers
Ackley