Tag Archives: inflation

President Donald Trump said Tuesday that Americans’ financial struggles are not influencing his negotiations with Iran, drawing immediate backlash as inflation and fuel prices continue climbing during the ongoing war. Speaking to reporters on the White House South Lawn before departing for a diplomatic trip to China, Trump was asked …

Inflation accelerated to 3.8% in April, its highest annual rate in nearly three years, as the war involving Iran continued to disrupt global energy markets and drive up costs across the U.S. economy. New data released Tuesday by the Bureau of Labor Statistics showed consumer prices rose 0.6% in April …

U.S. consumer prices rose sharply in March as the war with Iran drove a surge in energy costs, complicating the Federal Reserve’s efforts to bring inflation back to its target, according to new government data released Friday. The Consumer Price Index, reported by the Bureau of Labor Statistics, increased 0.9% …

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 …