inflation

Bond and stock markets have tumbled this year as inflation continues to surge. The Federal Reserve has already indicated it will need to raise interest rates. The question is: Will that be enough?

It's a bad time to be a world leader. COVID did that.

Consumer prices are soaring at their highest annual pace in almost 40 years. Some progressives such as Sen. Elizabeth Warren blame corporate profiteering, but most economists scoff.

The Federal Reserve is opening the door to possible interest rate hikes earlier next year than had been expected, as it wrestles with the highest inflation in nearly four decades.

Businesses across the country, from restaurants to retail, must decide when, not if, to raises prices and by how much.

Stocks fell on Tuesday as investors weighed the potential economic fallout from the new coronavirus variant. Federal Reserve Chair Jerome Powell said the central bank could end its bond-buying early.

The bargain store has been testing the increase for months and says it's not a reaction to the current surge in inflation, though it will help.

President Biden has tapped Jerome Powell to serve a second term as chairman of the Federal Reserve as the economy faces huge challenges, including surging inflation.

The Farm Bureau's Thanksgiving report says the average cost of dinner for 10 people is $53.31. But don't cancel your meal yet: the cost for a turkey has already dropped since the survey was taken.

Presidents don't set the gas price you pay at the pump, but they're often blamed for it. And right now, high energy prices are helping send inflation to an over 30-year high.

Inflation is the highest it's been in more than 30 years, imposing a financial burden on households and putting President Biden under pressure.