Gas prices are finally dropping. Here are 4 things to know
The average price of gasoline nationwide is expected to drop below $4 a gallon in the coming days as prices continue to fall from the record highs hit in June.
inflation
The Bank of England predicts a lengthy recession at the end of the year
Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.
Binders, backpacks... and inflation are on this year's back-to-school shopping list
This year's back-to-school shopping season lands in the middle of the highest inflation in four decades — how will this affect spending?
Meet the Fed, the latest superpower to emerge from Washington's shadows
Few voters may be thinking of Jerome Powell as they go to the polls in November, but all will be coping with economic conditions strongly influenced by Powell's Federal Reserve Board.
Inflation and climate change tackled in new Senate deal that Biden calls 'historic'
"It's a big deal," President Biden said of the Senate Democrats' bill, called the Inflation Reduction Act, at the White House Thursday.
Another big Fed rate hike is here to battle inflation. Economy hangs in balance
U.S. Federal Reserve raises rates for fourth time in 2022, this time by another three-quarters of a percentage point to battle inflation. It's at a size and pace we haven't seen since the 1980s.
Inflation is crushing rural America and may even drive people to the cities
Inflation is hitting hard in rural America and could accelerate depopulation in some parts of the country, according to the latest analysis from one expert.
The Fed's mission improbable: Beating inflation without causing a recession
Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.
Yellen believes U.S. will get on board with global minimum corporate tax — eventually
Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S.
No retreat in the summer heat. Inflation blistering at 9.1% in June
Inflation hit a new, four-decade high of 9.1% last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.