More farmers worry about large increases in input costs
More than half of America's big farmers expect prices for inputs such as fertilizer and fuel to soar by more than 12 percent in the coming year, a sign of inflation fears felt across the economy, said a poll released by Purdue University on Tuesday. The latest government report pegged inflation at 6.2 percent, the highest in three decades.
Economic recovery will be stronger than expected, says CBO
The U.S. economy will grow by a robust 4.6 percent this year — its fastest pace since 1999 — as the country rebounds from the coronavirus pandemic and the accompanying economic contraction, said the CBO on Monday. Recovery began in mid-2020, sooner than expected, and has also been stronger …