Inflation

Comment on this storyCommentAdd to your saved storiesSaveThere’s an economic mystery confounding the White House: Most Americans are financially better off than they were before the coronavirus pandemic, but they feel worse about their…

© AFP via Getty ImagesUS consumer sentiment ticked up from historic lows more than expected in August, as easing inflation improved consumers’ outlook and price expectations fell to their lowest level in eight months.The widely-followed…

LONDON (AP) — It’s not just the economy. While inflation and recession fearsweigh heavily on the minds of voters, another issue is popping up in political campaigns from the U.K. and Australia to the U.S. and beyond: the “China…

Community refrigerators filled with free, fresh food and produce helped many Los Angeles families facing food insecurity get through the pandemic. But now, the fridges on the sidewalk serve a new purpose as inflation…

The oft forecasted Recession hasn’t yet appeared. Has it been avoided (i.e., “soft-landing”)? A look at the growing evidence leads us to conclude that the Recession is coming; we suspect that when the NBER gets around to dating it, this…

Today American policymakers face a stark choice. Either, they can fight inflation by continuing to hike interest rates to generate unemployment and bring down aggregate demand. Or, they can employ a surgical approach that reins in the…

WASHINGTON, Aug 24 (Reuters) - President Joe Biden said on Wednesday the U.S. government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign for the…

Kelly Bergl traditionally has gone on spending sprees for the holidays, a ritual that was turbocharged by the pandemic.She would buy chocolate from Harrod’s in London, lots of stocking stuffers for her two young children, tickets to…

The skyrocketing cost of auto and home insurance is increasingly weighing on cash-strapped Americans.In 2022, the average price of both types of insurance saw its biggest spike in more than five years.And this year rates are projected to…

MOSCOW (AP) — The shelves at Moscow supermarkets are full of fruit and vegetables, cheese and meat. But many of the shoppers look at the selection with dismay as inflation makes their wallets feel…