The Fed Says Inflation Is Hotter Than Expected — But It Should Cool Next Year
The Federal Reserve is projecting higher inflation this year than it had previously forecast, but says prices will cool more next year.
inflation
High Meat Prices Are Helping Fuel Inflation, And A Few Big Companies Are Being Blamed
A larger White House campaign is targeting what it calls anti-competitive behavior in several industries, including meatpacking, in which over 80% of beef goes through just four companies.
Powell Says It May Soon Be Time For The Fed To Start Reducing Its Big Economic Support
Federal Reserve Chairman Jerome Powell says the economy continues its recovery, hinting the central bank could dial back its extraordinary efforts to prop up the economy later this year.
It's Called The Bond Taper. Yes, It's Geeky. But This Is Why You Should Know About It
The Federal Reserve has provided massive support to markets through the pandemic. Now it faces a tricky decision: how to start removing some of that help without triggering a market sell-off.
Wages Are Going Up — And So Is Inflation. Consumer Prices Have Hit A 13-Year High
Consumer prices rose 5.4% in July, compared to a year ago. Here's one thing to watch going forward: How rising wages impacts inflation.
Stocks Took A Hard Hit Over Delta Fears. Here Are 3 Things To Know
What to know as markets dropped, sending the Dow Jones Industrial Average down more than 700 points to its worst fall since October.
Families Are Receiving A Child Tax Credit. Janet Yellen Says It Should Be Permanent
In an interview with NPR, the Treasury secretary calls to permanently expand the child tax credit being paid out to American families starting this week.
Inflation Is Still High. Used Car Prices Could Help Explain What Happens Next
A surge in prices of used cars was a major driver of inflation again in June, but there are some signs those price hikes may be shifting into reverse.
What The Rise And Fall Of Lumber Prices Tell Us About The Pandemic Economy
Lumber prices soared during the pandemic, sparking inflation fears. Just as quickly, prices then dropped, but that's not the end of the story.
Beware Of 'Shrinkflation,' Inflation's Devious Cousin
Products are shrinking. Only some people are noticing.