U.S. is equipped for downturn, he said. America’s gross domestic product (GDP) shrank by 1.4 percent in the first quarter of 2022 after posting significant gains to round…
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Fastest Rate Hikes in Decades Coming from Federal Reserve
Latest attempt to fight inflation. The Federal Reserve is poised this week to accelerate its most extreme steps in three decades to attack inflation by making it costlier…
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American Farmers Facing Long-Term Challenges
USDA projects costs of production continue to rise. Rising costs of fertilizer and equipment could cause long-lasting problems for the agriculture industry, a fifth-generation farmer said in an…
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Weekly Unemployment Claims Lowest in 52 Years
Continuing claims also decrease. According to the report from the Department of Labor on Thursday, fewer people are receiving unemployment benefits now than they have in over half…
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Meatpacking CEOs Agree to Testify in Congress
Will discuss rising meat prices with Agriculture Committee. The CEOs of Cargill, Tyson, JBS, and National Beef Packing have agreed to testify before the House Agriculture Committee. The…
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Inflation Rises to 8.5 Percent in March
Greatest increase in 41 years. The latest Consumer Price Index numbers show inflation is climbing even higher, making it more difficult for Americans to pay their bills and…
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USDA Predicts Food Prices to Continue Rising
Increases are the highest in decades. A new report from the U.S. Department of Agriculture, known as its Food Prices Outlook for 2022, indicates that people will soon…
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Three Oil Companies Refuse to Testify Before House Committee
Upcoming hearing canceled due to deliberate absence. The House Natural Resources Committee requested that the CEOs of EOG Resources, Devon Energy Corporation, and Occidental Petroleum testify about the…
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Unemployment Claims Continue to Decrease
Labor Department reports the lowest level since 1969. The Department of Labor reported on Thursday that the number of new applications for unemployment benefits fell by 28,000 last…
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UN Predicts Food Prices Will Continue to Surge
A 22 percent increase highly plausible. In a report released Friday, the United Nations Food and Agriculture Organization warned that global food prices could surge another 22 percent…
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