National
U.S. economy shrank in Q1, raising concerns about stagflation, possible recession(The Center Square) – The U.S. Gross Domestic Product, a key measure of the size of the economy, declined in the first three months of 2022, latest federal economic data… Read More
State Government
Illinois Chamber: Record inflation hurting large and small businesses(The Center Square) – Illinois businesses are reeling from record high inflation. The yearly inflation rate hit 8.5% in March – a four-decade high, according to the U.S. Department of… Read More
National
Consumer prices rise 8.5%, highest in 40 years(The Center Square) – Newly released federal inflation data show that prices continue to rise at the fastest rate in four decades, continuing the trend of soaring inflation. The Bureau… Read More
Opinion
Op-Ed: The hidden tax increase in plain sightAmericans have less money than they had last year – though taxes haven’t been raised. So what’s the problem? Inflation, which has increased at a 40-year high annual pace of… Read More
National
Fed hikes, higher mortgage rates mark consequences of ongoing inflationAs housing prices soar, mortgage rate hike will make it harder for Americans to afford homes (The Center Square) – Mortgage rates surpassed 4% for the first time since 2019… Read More
National
Report: Inflation costs families around $3,500 this year(The Center Square) – A new report estimated the annual cost of elevated inflation this year will be around $3,500 per household. The Wharton School of the University of Pennsylvania,… Read More
National
Home prices at 45-year high, pricing many buyers out of the market(The Center Square) – Home prices are at a 45-year high, pricing many buyers out of an historic seller’s market, new data published by CoreLogic show. Annual home prices… Read More
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