Politics Aug 14 Year-over-year inflation hits lowest level in three years, clearing way for Fed to begin cutting rates By Christopher Rugaber, Associated Press
Economy Feb 13 U.S. inflation sees slight decline but remains above Fed target The costs of physical goods, including clothing, used cars and prescription drugs, fell for a third straight month. Lower prices for goods are the key driver that is cooling inflation. By Christopher Rugaber, Associated Press
Economy Jan 01 New York rings in 2024 with a pay bump for minimum-wage workers In the first of a series of annual increases slated for the Empire State, the minimum wage increased to $16 in New York City and some of its suburbs, up from $15. By Associated Press
Economy Jan 29 Analysis: Cost of living may be rising faster for rural Americans When the Federal Reserve convenes at the end of January 2023 to set interest rates, it will be guided by one key bit of data: the U.S. inflation rate. The problem is, that stat ignores a sizable chunk of the… By Stephan Weiler, Tessa Conroy, The Conversation
Economy Jul 13 Why the U.S. inflation surge is accelerating, and when it may ease Inflation's relentless surge didn't merely persist in June. It accelerated. For the 12 months ending in June, the government's consumer price index rocketed 9.1 percent, the fastest year-over-year jump since 1981. By Paul Wiseman, Associated Press
Jun 30 Inflation remains at 6.3 percent, Federal Reserve report shows By Paul Wiseman, Associated Press A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Continue reading
Aug 11 U.S. consumer prices rose in July but at slower pace By Christopher Rugaber, Associated Press Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation's households. Continue reading
Jul 14 Watch 6:30 Supply ‘bottlenecks’ are driving a consumer price surge. Here’s how that affects inflation The Consumer Price Index rose 5.4% last month compared to a year ago — the biggest monthly jump since 2008. During testimony on Capitol Hill Wednesday, Federal Reserve Chairman Jerome Powell gave his assessment about the price surge and risks… Continue watching
Jul 02 A quarter of Americans are worried about inflation. Here are 4 things to watch By Courtney Vinopal 26 percent of Americans surveyed in a recent PBS NewsHour/NPR/Marist Poll said inflation was their number one concern regarding the U.S. economy. Here’s a look at some of the factors driving prices up in the U.S. right now. Continue reading
Oct 11 Social Security recipients can expect no benefit increase next year By Stephen Ohlemacher, Associated Press For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population. Continue reading