Economy
Producer Price Index rises 11.3%, another worrying inflation marker(The Center Square) – Producer prices soared by 11.3% in June over a year ago as consumers continue to struggle with skyrocketing prices for just about everything. The U.S. Bureau… Read More
Inflation
Inflation soars 9.1% in past 12 months(The Center Square) – Consumer prices rose another 1.3% in June, contributing to a 9.1% spike over the past 12 months. It is the largest spike in 41 years. The… Read More
Inflation
Fed survey reports record-high consumer expectations for inflation(The Center Square) – Americans are more pessimistic about coming inflation than ever recorded, new survey data shows. The New York Federal Reserve released the June 2022 Survey of Consumer… Read More
Gas Prices
Missouri’s average gas price falls to $4.50As of July 6, Missouri’s average gas price according to AAA was $4.50 for regular gas, which was below the national average of $4.78. Gas prices fell from the previous week’s… Read More
Economy
The price of beef continues to climb(The Center Square) – The price of food continues to go up and leading the way is the price of beef. According to the American Farm Bureau Federation, the price… Read More
Gas Prices
Most Americans expect higher gas prices this year as they struggle to make ends meet, polls show(The Center Square) – Despite already paying record high gas prices last month, most Americans expect prices to get even worse, a new poll shows. Rasmussen Reports released the poll,… Read More
Economy
Survey: A third of U.S. small businesses can’t pay rent because of inflation(The Center Square) – More than a third of small businesses can’t pay rent, newly released data shows. The small business network Alignable released new survey results that found… Read More
Economy
Price of Independence Day cookout substantially more than last year(The Center Square) – If you plan on holding a July 4 cookout this weekend, expect to pay a lot more than what you paid for last year’s meal. According… Read More
Economy
Poll: 83% of Americans cutting back on personal spending due to inflation(The Center Square) – The vast majority of Americans are cutting back on their spending because of rising inflation, according to new survey data. Provident Bank based in… Read More
Economy
Poll: 88% of small businesses concerned recession is around the corner(The Center Square) – The vast majority of small business owners fear a recession in the coming year, according to a new poll. The Small Business and Entrepreneurship Council released… Read More
Politics
TCS exclusive: Trump talks energy, war, Illinois’ primaries in Thursday interview(The Center Square) – Former President Donald Trump criticized his successor's energy policies, predicted rolling blackout and brownouts this summer, and warned of the potential for another world war in… Read More
Inflation
Former U.S. Treasury secretary says unemployment rate needs to rise to curb inflation(The Center Square) – The unemployment rate needs to rise in order to ease the effects of inflation, former U.S. Treasury Secretary Larry Summers says. According to the … Read More
Economy
U.S. Treasury Secretary says recession is not inevitable, CEOs say it is on the way(The Center Square) – U.S. Treasury Secretary Janet Yellen says that a recession is not inevitable, comments that have been met with skepticism by business leaders. In an … Read More
Gas Prices
Record high diesel prices threaten domino effect to other goods(The Center Square) – Record high diesel fuel prices are yet another driver of rising costs for Americans, and those costs could get even higher this year. Diesel gas prices… Read More
Biden administration, Inflation, Politics
White House: Biden’s fitness ‘not a question that we should be even asking’(The Center Square) – White House Press Secretary Karine Jean-Pierre this week dismissed concerns regarding President Joe Biden's possible re-election bid. In an interview with CNN's Don… Read More
Inflation, National
Two-thirds of Americans are raiding their savings to cover inflation costs as stagflation concerns mount(The Center Square) – The majority of Americans’ finances are worse than they were a year ago, and they’re blowing through savings to make ends meet as record-high inflation has… Read More
Inflation, National
Inflation reaches 40-year high, making it harder to afford everyday staples(The Center Square) – Inflation remained painfully high in May, with consumer prices hitting a new four-decade high that is causing financial strain for Illinoisans. The Labor Department reports the… Read More
National
Yellen to testify on Biden budget after admitting she was wrong on inflation(The Center Square) – U.S. Treasury Secretary Janet Yellen will testify before the Senate Finance Committee Tuesday, just days after she admitted she was wrong about inflation earlier in President… Read More
National
Average Illinois gas prices nearly a dollar more than Missouri(The Center Square) – Gas prices continue to climb and likely won’t retreat anytime soon. The average cost of a gallon of regular gasoline in Illinois is about $5.40,… Read More
National
Majority of CEOs say economy will get worse(The Center Square) – A new survey of business leaders reports the majority are predicting an economic recession in the U.S. The Conference Board, a group for businesses focused… Read More