Wholesale prices beat expectations in November, a sign that inflation might not fall as quickly or steeply as previously hoped, according to CNBC. Producers and businesses saw prices rise 0.3%…
Many Americans are struggling to afford groceries and have adjusted their grocery shopping habits throughout the past year, according to a new survey released Wednesday. “The grocery sector is at…
Federal Reserve Chairman Jerome Powell claimed Wednesday “nobody” thought that inflation would reach the levels it did, but several economists, including former Obama administration appointees, raised alarms earlier. “Nobody expected…
President Joe Biden’s top economic advisor, Brian Deese, is anticipated to depart from the administration by next summer after Biden expressed frustration with Deese’s failure to predict the long-term impact…
Americans can expect to pay more to drive to Grandma’s house for Thanksgiving next week, and Grandma will have to pay more for the traditional feast, according to new inflation…
Despite signs that inflation may be easing, the Federal Reserve is unlikely to declare victory as a key inflation metric remains near four-decade highs, according to Forbes Tuesday. Producer prices…
Nearly four years after New York City’s minimum wage hit $15 per hour, that same wage is now worth just $13 per hour adjusted for inflation, The New York Times…
An economist says the average American family has lost upward of $7,000 due to inflation. The consumer price index increased 0.4% in October, up 7.7% from Oct. 2021, the U.S.…