The Rising Cost of Gasoline: A Perfect Storm of Factors Gas prices in the United States have been steadily increasing in recent weeks, with the national average for a gallon of regular gasoline reaching $3.82. This is an 11-cent increase from just a week ago and nearly 30 cents higher than a month ago. While […]
Fed Raises Interest Rates by 0.25 Point, Opens Door to Another Hike Despite Easing Inflation The Federal Reserve has raised its key interest rate by a quarter point, despite a recent pullback in inflation. This move nudges the federal funds rate to the highest level in 22 years. The Fed also signaled that another rate […]
Inflation: Losing Its Punch and the Potential for Improvement Introduction Inflation has been a persistent concern for Americans over the past two years, but there is hope on the horizon. The Labor Department’s recent report indicated that in June, consumer prices increased by just 3% compared to the previous year, marking the smallest annual increase […]
The Consumer Price Index Shows Significantly Lower Inflation Rate The latest government data reveals that the Consumer Price Index (CPI), the most widely used measure of inflation in the U.S. economy, climbed only 3 percent in the year through June. This is a substantial decrease from the peak of 9 percent observed a year ago. […]
Economy Inflation Cools Again in June as Gains in Grocery Prices Slow, CPI Report Shows A Year After U.S. Inflation Hit a 40-Year High, It Has Fallen By About Two-Thirds The latest Consumer Price Index (CPI) report from the Labor Department shows that inflation in the United States continued to cool in June, marking the […]
What the Latest Inflation Numbers Mean for You Promising News, but Inflation Still Above Ideal Levels The latest Consumer Price Index (CPI) report, released on Wednesday, has brought some promising news for households in the United States. While inflation still remains above ideal levels, the report shows that it is slowing down, indicating that price […]
Feds to decide if it will raise interest rates again The Federal Reserve has been in the middle of a historic monetary tightening campaign since March 2022 to bring down the historically high levels of inflation. According to data released by the Bureau of Labor Statistics, Consumer Price Index (CPI) increased 4% for the year […]
Inflation in the United States slowed again in April, marking a tenth straight month of moderation, as grocery costs continued to slow down increasing gas prices. The Labor Department’s consumer price index showed that consumer prices rose by 4.9% from a year earlier, which is a decrease from 5% in March, and its smallest yearly […]