With sharp increases in the price of homes, fuel and food, certain markets in the United States have been hit the hardest when it comes to inflation.
Stocks fell for the second day in a row in choppy trading and the release this week of key economic reports delivering mixed signals.
Inflation stayed uncomfortably strong in April after growing by another 8.3% in a sign that efforts to combat it may not be doing enough to contain its ascent.
Inflation has contributed to a rise in people reporting a "very difficult" time paying for expenses, with many states recording a 100% increase in people struggling since June 2021.
Inflation in the United States economy marked a four-decade high with a 8.5% increase since last year, driven largely by surging energy prices that includes a 70.1% fuel cost hike.
Americans’ credit card debt saw a 22-year high increase in Q4 to more than $860 billion now owed by households. This data arrives ahead of a meeting by the Federal Reserve next month when it is expected to raise interest rates.
Inflation in the United States has defied expectations by hitting a three-decade high as prices for most basic goods registered hikes. In the most recent Consumer Price Index (CPI), prices were up by 6.2% in the last year, the highest increase since November 1990.
Wholesale prices in the United States reached a historic high after rising 8.6% over the last year in a sign that ongoing supply chain problems are continuing to drive up inflation.
The University of Michigan's report on the index of consumer sentiment reveals that sentiment remains unchanged, down from September but up from the 10-year low in August.
One area isn’t being hurt by inflation—and there are no concerns about it having an effect in the future.
"Inflation has increased notably and will likely remain elevated in coming months before moderating," Federal Reserve Chairman Jerome Powell said.
The latest from the Consumer Price Index shows a 4.2% rise in 12 months. A closer look at the data, however, reveals that's not as alarming as it sounds.
The Fed decided to keep the federal funds rate unchanged. It's currently zero to 0.25%.
US stocks opened lower on Tuesday as JPMorgan Chase posted better-than-expected earnings
Food-at-home prices are up nearly 5% from last year while energy prices are off nearly 19%.
Tuesday’s Stock Market Close: US Equities Fall As House Democrats Unveil $3 Trillion Coronavirus Relief Bill
U.S. stocks fell on Tuesday as Senator Lindsey Graham threatens sanctions on China
U.S. stocks rose on Tuesday as traders look forward to more states reopening their economy.
Consumer prices rose in October as the U.S. economy continues to grow.
Lifted by the higher cost of gasoline and rent, among other things, the increase points to a steady inflation buildup.
CPI Report: US Inflation Rose More Than Expected In February As Rents, Medical Costs Maintained Upward Trend
The latest data on consumer prices could keep the Federal Reserve on course to gradually raise interest rates this year.
Inflation report shows the biggest gain since August 2011; data has been watched closely for clues on whether the Fed would continue raising interest rates.
The uptick in consumer prices was partly due to the Lunar New Year holiday. The decline in wholesale prices also slowed last month.
China’s Consumer Price Index Rises A Little In July, As Its Producer Price Index Falls A Lot The Same Month
Based on the balance between deflation and inflation, China’s authorities appear well-positioned to do even more in the way of economic and market stimulus.
Few economists think Britain is at risk of Japanese-style entrenched price falls.
Dow Jones Industrial Average, S&P 500 Index Fall After Jobless Claims Rise By Most Since December 2013
The Dow fell Thursday as the number of Americans filing new claims for unemployment benefits last week jumped by the most since December 2013.
The blue-chip index finished the session at a new milestone ahead of Thursday's busy batch of economic indicators, including weekly jobless claims.
The fall in inflation has given some respite to households with average earnings rising by more than prices.
A key gauge the Fed uses to measure inflation remained unchanged in October, as gasoline fell for the fourth month in a row.
A company in Britain is developing the technology to replace the inside of a plane's fuselage with giant OLED screens.
The weak growth in income signals slack in the labor market, or too many job-seekers eager for work to pressure employers to raise wages.