Sunday, January 19

Finance

Many, most especially the Biden White House, ran with the inflation moderation of last summer and fall. Federal Reserve (Fed) Board President Jerome Powell even suggested that he might not have been so wrong in 2021 when he declared the inflationary pressure as “transitory.” Now news for January contradicts this pleasant view of things. It reports that consumer prices rose 0.5% that month, 6.2% stated at an annual rate, and that producer prices rose by 0.7%, 8.7% stated at an annual rate. Neither says anything good about the inflation situation.

Former South Carolina attorney Alex Murdaugh was found guilty Thursday of killing his wife and adult son in a 2021 double-murder, following a trial that spanned more than five weeks and captivated the country given Murdaugh’s prominent background.

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