Tag Archives: inflation

President Joe Biden pledged Tuesday to make a fight against inflation his top domestic priority while rebuking Republican economic proposals he said miss the mark — zeroing in on Florida GOP Sen. Rick Scott. Despite low unemployment numbers and the Federal Reserve steadily raising rates, everyday costs from gas to …

Consumer prices in the United States rose 8.5 percent in March compared to a year prior, the biggest increase since late 1981, the Labor Department reported Tuesday. The report was the first to encompass the surge in gas prices driven by Russia’s invasion of Ukraine, which drove up energy prices …

The Federal Reserve announced that it is raising interest rates for the first time in three years to help bring the skyrocketing inflation under control. “With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain …

U.S. Federal Reserve officials signaled last week that the central bank could start raising interest rates in March as U.S. annual inflation surged to an almost 40-year high in December. “Inflation is too high, and working people around the country are concerned about how far their paychecks will go,” Fed …

The cost of living is increasing at its fastest pace in almost 40 years right now, with data out on Friday showing the country’s inflation rate hit 6.8 percent last month. The U.S. Bureau of Labor Statistics said Friday that higher costs for gasoline, shelter, food and new and used …