Madeleine Ngo
Former Economic Policy Reporter
Madeleine Ngo covered economic policy for Vox.com. She previously worked at the New York Times, where she wrote about the shortage of truck drivers, the implementation of federal infrastructure funds, and schools scrambling to feed students amid supply shortages. She also worked at the Wall Street Journal, Bloomberg, and the Philadelphia Inquirer.
Latest articles by Madeleine Ngo
Strong wage gains could keep fueling inflation and make it harder for the Federal Reserve to get price increases under control.
Treasury Secretary Janet Yellen said officials have started to deploy “extraordinary measures” to make sure the country can keep paying its bills.
The latest inflation data released on Thursday showed that price increases continued to slow.
New data on Friday showed that job growth remained strong, despite widespread fears of a recession.
Inflation is expected to slow in the coming months, but that could also mean the United States tips into a recession.
The Federal Reserve is again trying to raise interest rates without causing a painful recession.
Pandemic savings have helped keep people spending even as inflation has spiked. But their stockpiles are increasingly dwindling.
The war in Ukraine, rising interest rates, and lockdowns in China are all weighing on global growth.
Inflation is starting to ease, but the United States is still a long way from the Federal Reserve’s goal.
Rising prices have weighed heavily on the minds of voters who will soon determine the outcome of elections across the country.