Tag Archives: inflation

U.S. consumer prices were unchanged in July from the previous month, as falling gas and grocery costs offset tariff-driven increases for some imports, the Labor Department reported Tuesday. The Consumer Price Index rose 2.7% in July from a year earlier, matching June’s pace and up from a post-pandemic low of …

The Federal Reserve on Wednesday opted to leave its benchmark interest rate unchanged, defying persistent pressure from President Donald Trump and signaling renewed concern about inflation and economic uncertainty driven by tariffs. In a statement following its July policy meeting, the Fed said that while economic growth had moderated, inflation …

The Federal Reserve on Wednesday left its benchmark interest rate unchanged at 4.25% to 4.5%, signaling deepening concern over a stagflationary environment—a troubling mix of slowing growth and rising prices—exacerbated by tariffs imposed during the Trump administration. The Fed’s latest projections paint a pessimistic picture of the months ahead. Policymakers …

Inflation in the United States has reached its lowest point in over two years, with a 3% increase in June compared to the previous year. This is a positive sign that the Federal Reserve’s interest rate hikes have been effective in slowing down price increases in the economy. Although the …

Casey Quinlan, Nevada Current  = Forty million people in the U.S. are having difficulty affording household expenses, and a little more than 25 million people say they sometimes or often do not have enough to eat, according to the U.S. Census Bureau’s most recent Household Pulse survey data. The survey is …

Casey Quinlan, Georgia Recorder Shoppers hoping for a little relief at the grocery store for their holiday meals will be disappointed by the Consumer Price Index released Tuesday. The CPI shows inflation cooling but food prices — particularly for some holiday staples — remain high. The CPI increased 0.1% in …

Casey Quinlan, Florida Phoenix The Federal Reserve has announced that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4%. Federal Reserve Chair Jerome Powell said during a press conference following …

Michael Lyle, Nevada Current Former President Barack Obama criticized Republicans for lacking plans to fight inflation despite campaigning on rising prices, and warned democracy was on the ballot in a final push to energize the Nevada Democratic ticket a week before the midterm election. Obama, who has made several recent …

Jennifer Shutt, Alaska Beacon Members of Congress are fanning out to every district in the country, leaving the wonky floor debates on Capitol Hill behind for the campaign trail in advance of the crucial Nov. 8 midterm elections. Democrats are fighting to hold their razor-thin majorities in the U.S. House …

This month, Colorado taxpayers began receiving refunds from the state government. Joint filers got $1,500, and single filers got $750. Enclosed was a letter from Democratic Gov. Jared Polis, who noted that the checks — required under the state constitution — were being mailed ahead of schedule, due to a …

Robert Reich, RobertReich.org The truth about inflation is getting covered up by countless myths spewed by corporations and their political lackeys. Here are the facts: Fact #1: Inflation is not being driven by wage increases Although wages have been rising, they’ve been rising more SLOWLY than prices. Hourly wages grew by …

Inflation reached a 40-year high for June as prices for gas, food and rent increased, according to the latest Consumer Price Index from the Bureau of Labor Statistics on Wednesday. Consumer prices for all items increased 9.1% for the 12 months ending in June compared to last year, the biggest year-to-year increase …

California state leaders have reached a budget agreement to send inflation relief payments to 23 million Americans, amid soaring inflation and rising gas prices. “The centerpiece of the agreement, a $17 billion inflation relief package, will offer tax refunds to millions of working Californians. Twenty-three million Californians will benefit from …

President Joe Biden on Wednesday called on Congress and state legislatures to provide a temporary reprieve from gas taxes — but members of his own party and Republicans appeared opposed, making it look unlikely on the federal level. In addition, many state legislatures are out of session for the year …

Veronika Dolar, SUNY Old Westbury Inflation surged at the fastest pace in over 40 years in May 2022, pushing the Federal Reserve toward a more aggressive pace of interest rate increases to slow it down. While there’s concern it could cause unemployment to spike, a little-known economics indicator suggests the …