NEW YORK — Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according to a new research paper that concludes […]
By now, you’re probably familiar with the more obvious ways inflation affects your finances. Your money doesn’t go as far at the grocery store, for example. Credit card and other variable-rate debt is getting more […]
WASHINGTON, D.C. — For the economy, 2022 was a throwback year. And not in a good way. At times, it felt like the 1970s or early ’80s. Inflation running rampant. The United States and its […]
RALEIGH — According to this year’s Thanksgiving Dinner Farm Bureau survey, the average cost for a family of 10 has risen $10.74 or 20% over the previous year, going from $53.31 in 2021 to $64.05 this […]
FRANKFURT, Germany — Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also […]
WASHINGTON, D.C. — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains and ensuring that the Federal Reserve will keep […]
WASHINGTON, D.C. — When it comes to reassuring Americans about an economy that’s an election-year challenge for his party, President Joe Biden is telling the country to hold on. It’s a message of patience as […]
RALEIGH — Parents finding some sticker shock while shopping for school supplies this year as inflation under the Biden Administration has hit a forty-year high of 9.1%. According to the world’s largest retail trade association, […]
WASHINGTON, D.C. — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that […]
WASHINGTON, D.C. — With inflation raging near its highest level in four decades, Congress gave final approval to President Joe Biden’s landmark Inflation Reduction Act last week. Its title raises a tantalizing question: Will the […]
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