Tag Archives: inflation

Goods prices were on track to fall. Then the tariffs hit, and the New York Fed just put a number on what it cost you. A new study from the Federal Reserve Bank of New York has done the math on one of the biggest questions in the economy: how …

U.S. employers added just 29,000 jobs in September, far below expectations, as hiring slowed sharply and unemployment edged higher in a report that underscores growing caution among businesses. Economists surveyed by FactSet had expected the economy to add about 90,000 jobs. The unemployment rate rose to 4.2% from 4.1% in …

The average U.S. price for a gallon of diesel has climbed to about $6.43, near a record high, as disruptions tied to the war with Iran and attacks on energy infrastructure tighten global fuel supplies. The surge is adding pressure to businesses and households already facing higher energy costs, with …

U.S. employers added just 57,000 jobs in June, marking one of the weakest months of hiring this year and fueling concerns that the labor market is losing momentum as wage growth continues to lag behind inflation. The latest employment report released Thursday by the U.S. Bureau of Labor Statistics showed …

Inflation accelerated in May, reaching its highest level in three years as higher gasoline prices continued to drive up costs for consumers and complicate the outlook for the economy. New data released Wednesday by the Labor Department showed consumer prices rose 4.2% from a year earlier, up from 3.8% in …

The U.S. economy added 172,000 jobs in May, far exceeding economists’ expectations and signaling continued strength in the labor market despite rising inflation and broader economic uncertainty. Economists surveyed by FactSet had forecast payroll growth of about 105,000 jobs for the month. The Labor Department also revised hiring figures upward …

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 …