WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term, acknowledged for the first time that high inflation and economic weakness overseas could thwart his efforts to avoid […]
WASHINGTON, D.C. — An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are […]
In March, inflation jumped 8.5%, the biggest spike since 1981. Economic growth is expected to slow. Voters are expected to be angry. Yesterday, press secretary Jen Psaki warned, “We expect March CPI (consumer price index) […]
Canaries used to be lowered into mines to detect the presence of noxious gas from 1911 to 1986. If the bird came back chirping, the miners would go down in the mine. If not, they […]
Ever since Millennials and college-educated liberals flocked to defeat President Trump and replace him with a man they hardly knew, older folks who lived through the disastrous President Jimmy Carter years from 1977-1981 have been […]
Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy. The Labor Department said Tuesday that […]
WASHINGTON, D.C. — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to […]
WASHINGTON, D.C. — Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy. The Labor Department […]
WASHINGTON, D.C. — Inflation soared over the past year at its highest rate in four decades, hammering American consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across […]
WASHINGTON, D.C. — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on […]
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