Economy
Fed announces another rate hike to combat inflation, signals more on the way(The Center Square) – The U.S. Federal Reserve announced yet another interest rate hike Wednesday, the latest in a series of interest rate increases to address elevated inflation that experts… Read More
Inflation
Food prices rise fastest rate since 1970s(The Center Square) – Despite slowing inflation in July, food prices have continued to rise at historic levels, the U.S. Bureau of Labor Statistics reported Wednesday. “The food index… Read More
Inflation
Americans feeling pain of inflation as they begin back-to-school shopping(The Center Square) – Inflation has soared in the past year, and parents are feeling the difference as they start back-to-school shopping this year. A new Morning Consult … Read More
Economy
Inflation is hammering rural America, report shows(The Center Square) – A report from Iowa State University shows that rural Americans are feeling the pain of inflation more than the rest of the country. “Rural households… 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
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
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
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
National
Gas prices hit new record for 10th consecutive day(The Center Square) – Gas prices rose yet again Wednesday, setting another record high and adding to a string of consecutive record-high days. According to AAA, the national average price… Read More
National
U.S. gas prices hit new high, again(The Center Square) – Gas prices hit a new record high yet again Monday, the latest in a series of record-high price points as Americans grapple with soaring inflation and… Read More
National
Majority of Americans say they are ‘falling behind’ rising cost of living(The Center Square) – The majority of Americans feel they cannot keep up with the cost of living as inflation and the price of goods continue to rise, according to… Read More
National
Biden administration cancels new oil leases as gas prices hit record highs(The Center Square) – President Joe Biden canceled three pending oil and gas drilling leases in Alaska and the Gulf of Mexico this week as gas prices hit record highs. Read More
National
Inflation slowed in April, but prices continued their steady increase(The Center Square) – Inflation continued its steady rise in April, when the Consumer Price Index increased 8.3% over last year, according to data released Wednesday by the U.S. Bureau… Read More
National
Gasoline prices set record Tuesday as Biden set to release plan on inflation(The Center Square) – Gasoline prices set a record Tuesday ahead of President Joe Biden’s planned announcement to address rising inflation costs. Short of prioritizing and expanding domestic production, critics… Read More
National
72% of small businesses to increase prices due to inflation, survey finds(The Center Square) – As inflation surpasses 40-year highs, 72% of small businesses surveyed are increasing prices to keep their doors open, according to the latest Small Business Optimism Index. Read More
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
National
Report: Americans cutting back on discretionary spending because of inflation(The Center Square) – Americans are changing their shopping habits because of rising prices, a new study from Morning Consult finds. According to the report , American… Read More
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