After a surprisingly strong start to the year, persistently high inflation and uncertainty regarding forthcoming interest rate hikes resulted in Americans scaling back their spending in February, according to the…
Core inflation, which economists consider a leading indicator of future trends in inflation, is showing “no sign of falling,” according to an analysis by a former high-ranking Obama administration economist…
The consumer price, a key measure of inflation, rose 0.4% in February, up 6% from February 2022, the U.S. Bureau of Labor Statistics reported on Tuesday. An economist connected this…
Prices grew 0.4% on a monthly basis in February, falling slightly from January, the Bureau of Labor Statistics (BLS) reported Tuesday, as economists questioned the impact of the report on…
The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures (PCE) price index, surged past economists’ expectations in January, breaking a recent downward trend, according to the Bureau of…
It’s tax season, and the IRS has a new $80 billion slush fund at its disposal, thanks to the misnamed Inflation Reduction Act, which was signed into law in August.…
It is frustrating that so many otherwise competent, knowledgeable economists and commentators are failing to land a punch on President Joe Biden regarding inflation. It’s not that people don’t know…
An economist is blaming both Republicans and Democrats for their “overspending” after the federal government revised inflation numbers upward for the January 2023 report on price increases. “Not only was…