Hello and welcome to AS USA’s live blog on inflation relief and other financial news.

On Thursday the US Treasury has begun to take “extraordinary measures“as the country reaches the borrowing limit, after which it cannot borrow for make payments to programs like Social Security. Secretary Janet Yellen’s actions buy Congress time to reach an agreement on raising or suspending the debt ceiling.

Inflation has been on a downward trend and so has employment. In January, inflation rose 0.1 percent, bringing the year-over-year price increase to 6.5 percent. Although prices are not falling, they are not increasing at the same pace as in mid-2022. On the employment side, the unemployment rate dropped to 3.5 percent in December, an additional indicator that the labor market remains tight.

Most states have stopped issuing payments to support residents during this inflationary period. However, we will bring you the latest on that front and all other major news from Washington to Wall Street.

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