Browsing Tag

Inflation

Biden’s Act Bolsters China’s Hold on Electric Vehicle Market

TL/DR - Joe Biden signed the Inflation Reduction Act in August 2022, which he and his administration claim was the most significant action on clean energy and climate change in US history. The law led to the outsourcing of some operations such as the production of electric vehicles, with at least five Chinese battery manufacturers announcing…

Inflation Halt Dampens Consumer Sentiment: Key Insights

TL/DR - A recent consumer sentiment report from the University of Michigan indicates that Americans continue to suffer from economic malaise, with sentiment remaining low following a 10% drop in April due to concerns over the labor market, interest rates, and inflation. The Consumer Sentiment Index was 65.6 in June 2024, a 31% rise from its low…