Inflation
Inflation woes: Home buyers need 80% more income to buy than 4 years ago(The Center Square) – The housing market is not immune from inflationary woes as buyer’s purchasing power has significantly diminished in four years. Home buyers in 2024 need 80% more… Read More
Inflation
Federal data says inflation continues to rise(The Center Square) – Inflation continues to rise in the U.S., according to newly released federal data. The Bureau of Economic Analysis released its Personal Consumption Expenditures marker Thursday, showed… Read More
Inflation
Former CEO: High interest rates ‘killing’ companies as layoffs continue(The Center Square) – President Joe Biden is blaming corporations for high prices and “shrinkflation.” Business executives and many economists disagree, arguing the real problem is inflation created by federal… Read More
Inflation
Consumer prices rose more than expected last month(The Center Square) – Prices rose more than expected in January, according to newly released federal inflation data. The U.S. Bureau of Labor Statistics on Tuesday released its Consumer Price… Read More
Inflation
Farm, food prices rise under net-zero climate rules(The Center Square) – Farms and families will pay significantly more under the Biden administration’s net-zero climate policies, a new report from an Ohio-based policy group says. The Buckeye Institute’s… Read More
Inflation
Survey: More Americans cite hardship from inflation(The Center Square) — Newly released survey data shows even more Americans are citing economic hardship from the spike in prices in recent years. Prices have risen about 18% since… Read More
Inflation
Prices rose in December, federal data shows(The Center Square) – Newly released federal inflation data shows prices rose in December. The Bureau of Economic Analysis released its Producer Consumption Expenditure, a key marker of inflation, which… Read More
Inflation
Continued inflation tops list of worries for Democrats, Republicans(The Center Square) – A new poll shows that Democrats and Republicans are concerned more about inflation than other potential crises, but voters from the two parties don’t see eye… Read More
Inflation
Inflationary woes: More chain stores closed in 2023, continuing into 2024(The Center Square) – More chain stores closed in 2023 as a result of high inflationary costs, with the trend continuing in 2024 led by the iconic department store, Macy’s. Read More
Economy, Inflation
Cost of Thanksgiving dinner down only slightly from last year’s record high(The Center Square) – Thanksgiving dinner shoppers will get a bit of a break in the pocketbook this year. Illinois shoppers participating in the annual American Farm Bureau Federation’s (AFBF) Thanksgiving… Read More
Economy, Inflation
Consumer confidence drops as food, gas prices rise(The Center Square) – New data on consumer confidence shows that Americans are less confident about the U.S. economy, pointing to higher grocery and gas prices. The Conference Board, a… Read More
Inflation
Food prices expected to rise through 2024(The Center Square) – Recently released federal pricing analysis from the U.S. Department of Agriculture projects that food prices will continue to rise through 2024. The USDA pointed to the… Read More
Inflation
Inflation rose more than expected in latest federal data(The Center Square) – Newly released federal inflation data shows that producer prices rose more than expected. The U.S. Bureau of Labor Statistics released its Producer Price Index, a key… Read More
Economy, Inflation
Poll: Cost of living, job opportunities top list of reasons people relocate(The Center Square) – A new State Policy Network poll finds 8% of all voters surveyed have moved to a new state in the past two years, with cost of… Read More
Economy, Inflation
Federal Reserve hikes rates to highest level in 22 years(The Center Square) — The U.S. Federal Reserve Board announced another increase to the federal funds rate Wednesday, raising the target range to 5.25 to 5.5%, the highest rate in… Read More
Inflation
KC Fed economist: Inflation could become embedded if rate remains high(The Center Square) – The longer inflation remains above the Federal Reserve’s annual target of 2%, the harder it will be to reduce, according to an economist with the Federal… Read More
Biden administration, Inflation
Inflation continues to outpace wages, data shows(The Center Square) – Inflation has outpaced wages for nearly two years, recently released federal data shows. A closer look at federal wage and pricing data shows workers are making… Read More
Economy, Inflation
‘No painless option’: Fed faces tough choice on inflation following bank collapses(The Center Square) – The U.S. Federal Reserve may be less likely to use its key tool to combat inflation because of recent bank failures. The Fed has been aggressively… Read More
Inflation, President Biden
Biden takes fire after inflation increases again(The Center Square) – The latest federal inflation data shows consumer prices rose again in February, sparking criticism of President Joe Biden and his spending agenda. The U.S. Read More
Biden administration, Inflation
Biden taking added fire as food, shelter, gas get more expensive(The Center Square) – The federal government released its latest inflation data Tuesday, drawing fresh fire for President Joe Biden as the cost of living continues to rise. The U.S. Read More