Economics

How Much Did Inflation Increase During President Carter’s Term?

President Jimmy Carter appointed seven people to the federal government in January 1977. In terms of a percentage, it’s around 4%. Carter responded by announcing a large-scale spending program and urging the Federal Reserve (the Fed) to raise the money supply. Inflation had risen significantly to 13.5 percent in just two years. In 2017, the

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Is Inflation Rising?

High inflation, which had been an economic afterthought for decades, resurfaced with startling speed last year. The consumer price index of the Labor Department was only 1.7 percent higher in February 2021 than it was a year earlier. From there, year-over-year price hikes rapidly increased: 2.6 percent in March, 4.2 percent in April, 4.9 percent

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What Industries Suffer Most During A Recession?

The retail, restaurant, and hotel industries aren’t the only ones that suffer during a recession. During periods like these, industries like automotive, oil and gas, sports, real estate, and many more face significant decreases. Although the recession brought on by the coronavirus epidemic is unusual, many of these businesses have had difficulties in the past.

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