Inflation is turning from a food and energy problem to a core problem, spreading into several goods and services consumers regularly purchase, like medical services, insurance, and shelter.
Inflation in the U.S. has persisted, as the latest CPI data Thursday showed bleak numbers.
Social Security will see an 8.7% hike in 2023 in response to inflation.
Wholesale prices rose nearly 0.4% in September, exceeding the Dow Jones estimate.
United Airlines will be expanding its trans-Atlantic schedule beginning next summer.
Minimum wage hikes In California and New York have hit consumers where it hurts the most -- fast food.
Despite the high job opening levels, the U.S. economy has not gained any new jobs since the pandemic, and many jobs are either part-time or temporary.
According to a recent LendingClub report, as of August, 45% of Americans who make six figures are living paycheck to paycheck, up from 38% a year ago.
Wall Street selloffs intensified last week, driven by sticky inflation numbers and hawkish Fed talks, which turned traders and investors away from stocks.
U.S. stocks closed lower Friday, marking the last day of a gloomy quarter that experienced few rallies.
Global stock markets have tumbled, and major currencies have lost ground against the dollar.
The Federal Reserve has faced criticism for a strategic mistake: it failed to raise interest rates as inflation reached a 40-year high.
Crypto offers investors singular opportunities, given the state of the economy right now.
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.
The thing about gas prices is that any change has a knock-on effect on the prices of other commodities.
An unexpected rise in August inflation pushed bond yields and the dollar higher on Tuesday, turning off risk on Wall Street and ending the bear market rally seen in the last four trading sessions.
Tuesday's CPI data revealed a slight increase in inflation for August despite hopes of a drop.
One of the catalysts behind the turnaround in U.S. equities was a larger-than-expected hike of Eurozone rates by the ECB.
As prices continue to rise, inflation has scared consumers into starting their holiday shopping earlier than usual.
U.S. stocks opened higher Friday, adding to the gains made over the last two days. The markets are seeking to snap a three week losing streak.
In essence, Fed chair Jerome Powell reaffirmed an early position that the spike in commodity prices was caused in the first place by a shift in the demand from services to goods during the pandemic.
On Thursday, the eurozone's central bank hiked rates by 0.75 basis points, on the upper end of market expectations.