Questions around the inflationary effects of President Biden’s spending plans helped drive Sen. Manchin’s rejection of the bill. But economists say the inflation impact may be less than some fear.
Economists see mostly small effects on prices and federal deficits from president’s proposed spending plan
As the cost of groceries, clothing and electronics have gone up in the U.S., prices in Japan have stayed low. WSJ’s Peter Landers goes shopping in Tokyo to explain why steady prices, though good for your wallet, can be a sign of a slow-growing economy. Photo: Richard B. Levine/Zuma Press; Kim Kyung Hoon/Reuters
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