Federal Reserve chair Jerome Powell said on Tuesday that the test for reaching the Fed’s two percent target on average over time had been met, signaling that the Fed could taper bond-buying faster and raise rates earlier than previously anticipated.
Texas factories see a lot more inflation coming down the pipeline.
Rising rents, rising home prices, and rising mortgage rates sparked a “buy now” rush of home purchases in October.
Black Friday shoppers may experience sticker shock this year. Prices of toys, clothing, electronics, computers, and televisions are expected to be between five and 17 percent higher this year than last year. That’s because discounts are being put on prices
Car rental prices ahead of Thanksgiving have seen a substantial increase compared to 2020 and 2019, according to reports.
Time is running short to contain inflation without a painful recession.
Biden tries to pass the buck for inflation to gas stations. The data do not support his claim.
Prices are expected to climb even faster, according to a survey by the Richmond Fed.
Oil prices rose above $82 a barrel on Tuesday morning after the Biden administration announced the U.S. and other nations would release tens of millions of barrels of oil from reserves in a ploy to lower prices.
Worries over inflation are now the number one issue for the largest share of Americans since 2001.
The US isn’t the only nation looking at a pricy Thanksgiving, with UK bread prices set to soar by up to 20% in the coming weeks.
This is how they want you to fight inflation: eat soy and stay away from loved ones.
President Joe Biden plans to blame businesses for raising prices and higher inflation this week, as his poll numbers continue to plunge.
The average cost of a classic Thanksgiving feast for 10 rose 14 percent, according to the Farm Bureau. This is the highest cost in the 36 years of Farm Bureau surveys.
White House economists told America inflation would fade in the later months of 2021. Instead, prices are surging again.
Retail sales grew by more than expected in October. But it’s not clear if that is because people were buying more or if this just reflects higher prices.
Gettysburg, South Dakota — So it is true. Money really can’t buy you love. Just ask Joe Biden.
The producer of one in every five pounds of meat consumed in the U.S. says it is sharply raising prices to keep up with inflation.
The increases in the inflationary measures are a disappointment to those who saw an easing of pressures in September and October as a sign that inflation was proving transitory.
Get ready for the most expensive Thanksgiving ever.
Alfredo Ortiz of Job Creators Network writes in RealClear Politics that, sadly, his predictions about the inflationary effects of a Biden presidency are manifesting as spiraling prices causing enormous suffering to ordinary Americans and small businesses.
A study shows the cost of ingredients to make a batch of Christmas cookies this holiday season could run Americans anywhere from $2.23 to $12.40 depending on where they live, as food prices have risen substantially at grocery stores across the nation.
Real average weekly earnings are down 1.4 percent compared with a year ago.
A record number of businesses say they expect “very significant” increases in costs.
In the era of Bidenflation, it is getting much more expensive to buy a car, drive a car, repair a car, or insure a car.
Food inflation is broad-based and sizzling hot, covering nearly everything American families buy for breakfast.
October’s inflation was much worse than expected.
October saw record-breaking increases in the prices of truck trailers, especially heavy-duty trailers, and record hikes for shipping by truck.
This may be the most expensive Thanksgiving in history.
Prices rose 8.6 percent from a year ago in October, the second consecutive month of the fastest annual pace of inflation in records going back 10 years. The Department of Labor said the Producer Price Index accelerated to show a
Survey results show no sign of inflationary pressures lifting and average expectations for financial distress is rising.
It was not just productivity that crashed in the third quarter. So did real hourly compensation.
Trimmed mean inflation ran at an annual rate of 5.1 percent in September, the fastest pace since 1990.
Americans expect to spend an average of $837 on gifts this holiday season, a Gallup poll released Tuesday showed.
Supply chain problems are worsening and inflationary pressures are strengthening, according to the latest ISM manufacturing purchasing manager survey.
Oil prices headed toward $85 a barrel Monday, indicating gasoline prices will likely keep climbing.
Average wages were up
One in five people surveyed spontaneously mentioned declining living standards due to inflation.
There’s nothing transitory about this.
Disneyland in Anaheim, California, is hiking the price of admission on most of its tickets, with the most expensive single-day ticket for one park hitting $164, according to the travel site LaughingPlace.com. Overall, prices increased between $5 and $25 for the different tickets on offer, or as much as 8.6 percent.
