The Federal Reserve announced it would not change its benchmark federal funds rate on Wednesday, keeping the rate at its highest level since 2001. The Fed’s decision not to raise…
The rise in the national average for the price of candy and gum far exceeded the average for all groceries after inflation hit the sector hard, according to Datasembly. The…
The last time that inflation was measured under 3% year-over-year was in March 2021, even though the Federal Reserve’s target is 2%, a number that was commonly reached in the…
Investors bet on the U.S. entering an era of sustained high inflation as Treasury yields spike, according to Reuters. The bond market has seen a surge in interest rates for…
The cost of auto insurance has skyrocketed following the COVID-19 pandemic, making cars even more unaffordable for average Americans. Factors like crime and traffic accidents are driving up the number…
Americans are justifiably unhappy with the state of the economy. The inflation figures for August took a turn for the worse—meaning, families have now lost $5,100 in purchasing power since…
The Federal Reserve announced a pause in hikes for its benchmark federal funds rate on Wednesday, keeping the rate at its highest level since 2001. The Fed’s decision not to…
“Inflation accelerated significantly again last month, demonstrating the crisis of runaway prices is still ongoing,” the president of the Job Creators Network says after a government agency reported that inflation…