WASHINGTON — Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday. Speaking at Spelman College in Atlanta, […]
WASHINGTON — Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market. Powell noted […]
RALEIGH — As annual Independence Day celebrations approach, picnic meals may be more expensive than last year according to the Wells Fargo Agri-Food Institute’s Fourth of July Food Report. The report says food inflation has slowed […]
WASHINGTON, D.C. — U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for […]
WASHINGTON, D.C. — For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflation was steadily slowing from painful heights. And growth and hiring […]
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 […]
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