The Federal Reserve’s preferred inflation metric, the Personal Consumption Expenditures Price Index (PCE Price Index) excluding food and energy, cooled for the second month in a row in November, but…
Americans may want to light the fireplace more often this winter and cut back on the holiday festivities, according to new data from the Energy Information Administration (EIA) and the…
On the surface, inflation appears to be moderating, with November’s Consumer Price Index (CPI) numbers dropping slightly on Tuesday. However, underneath those numbers lie cold, hard facts that illustrate the…
Inflation undershot economist’s expectations in November, growing 0.1% on a monthly basis while falling to 7.1% on an annual basis, according to the Bureau of Labor Statistics’ (BLS) Consumer Price…
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…