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Supply ‘bottlenecks’ are driving a consumer price surge. Here’s how that affects inflation
The Consumer Price Index rose 5.4% last month compared to a year ago — the biggest monthly jump since 2008. During testimony on Capitol Hill Wednesday, Federal Reserve Chairman Jerome Powell gave his assessment about the price surge and risks…
A quarter of Americans are worried about inflation. Here are 4 things to watch
26 percent of Americans surveyed in a recent PBS NewsHour/NPR/Marist Poll said inflation was their number one concern regarding the U.S. economy. Here’s a look at some of the factors driving prices up in the U.S. right now.
Social Security recipients can expect no benefit increase next year
For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population.
Higher food, rent costs boost U.S. consumer inflation
Consumer prices in the U.S. ticked upward this March, climbing more than expected as Americans paid slightly more for food and rental housing. The hike suggests improving consumer demand, and may alleviate concerns among some Federal Reserve officials…
The cost of living in the United States went unchanged in July, easing concerns among many experts that economic recovery will be hampered by rising inflation.
The Federal Reserve cut a key interest rate to an all-time low target range of zero to 0.25 percent Tuesday in an effort to fight the deepening recession.
As the world's industrialized nations continued to roll out more plans to bolster flagging economies, European leaders called for a review of the global financial system.
The Labor Department reported a 0.8 percent rise in consumer prices in July -- double the expected rate -- sending inflation on its fastest annual pace in 17 years.
Rising consumer prices are raising Americans' cost of living, adding to economic woes, according to a new economic report. Analysts discuss the recent report and what it means for American consumers.
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