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The Federal Reserve’s Battle Against Inflation May Be Close to a Turning Point

Lindsay Owens heads the Groundwork Collaborative. That's a progressive think tank here in Washington. She wants the Fed to take a breather and see if inflation continues to settle down. LINDSAY OWENS: It's not the case that we have to keep hammering away at trying to slow growth in the labor market to bring down inflation. We can have both.

May 3, 2023 NPR

Press Release

Media Roundup: Corporate Profiteering Takes Center Stage

Since August 2021, Groundwork has highlighted corporate profiteering through research, opinion pieces, media appearances, polling, and congressional testimony.

May 3, 2023 Groundwork Collaborative

Press Release

Groundwork’s Rakeen Mabud: “Fed’s actions are heightening the risk of recession”

Chair Powell and the Federal Reserve are expected to raise interest rates by 25 basis points at this week’s Federal Open Market Committee (FOMC) meeting.

May 2, 2023 Groundwork Collaborative

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The Real Monster Behind Soaring Prices

"We've seen that markups — the difference between the price that they charge versus the cost that they paid to produce the item — has also hit record highs," Becker said. "What it actually seems is that even though their costs are going up, their profit margins have also skyrocketed."

May 2, 2023 Business Insider

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Financial Times: US companies boost capital spending to tackle supply bottlenecks.

A wave of recent disruptions, from coronavirus lockdowns to Russia’s invasion of Ukraine and tensions between the US and China, have led many high-profile investors and executives to predict a reversal of the decades-long trend toward sprawling global supply chains…

April 29, 2023 Financial Times

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Four keys to a successful coronavirus rescue

Crises like pandemics, economic collapses and world wars have, at times throughout history, ended up reordering societies — shrinking the gap between the rich and the poor, or empowering the working class. The Black Death helped end feudalism. The Great…

April 29, 2023 New York Times

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Maybe… pay people more,’ Says AOC as data shows half of U.S. workers could make more from unemployment than low-wage jobs

Rep. Alexandria Ocasio-Cortez said Tuesday that data showing around half of all U.S. workers stand to bring home more money per week from beefed up unemployment insurance than they would from their regular full-time jobs is an argument in favor of raising…

April 29, 2023 Common Dreams

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Mounting unemployment crisis fuels racial wealth gap

The economic meltdown that has devastated the country amid the coronavirus pandemic has proven uniquely damaging for black Americans, threatening to exacerbate an already staggering racial wealth gap and fueling nationwide protests focused on racial justice. Black workers are more likely…

April 29, 2023 Politico

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Rocky recovery to keep U.S. unemployment high, Fed’s Bostic says

Federal Reserve Bank of Atlanta President Raphael Bostic said he expects U.S. unemployment will be around 10% in the fourth quarter, with an uneven recovery from the Covid-19-induced recession. “We are going to see sort of some bumps on our…

April 29, 2023 Bloomberg

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‘Black women best’: Why putting Black women first may save us from economic disaster

In 2008, our economy experienced an economic crisis in which Black women lost 258,000 jobs—more than twice as many as the jobs gained by Black men. Our current economic crisis is unfortunately offering up disparity déjà vu. The ravages of the…

April 29, 2023 Economic Policy Institute