inflation

Sen. Thune on why he opposes Biden's student loan plan, the affidavit in Mar-a-Lago search

By PBS NewsHour

President Biden's plan to cancel thousands of dollars in student loan debt for millions of borrowers has raised criticism from the Republican ranks. Many have called the plan unfair and believe it could worsen inflation and does little to address…

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Dow Jones drop 3 percent after Fed Chair Powell warns interest rates to stay high

By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press

Stocks closed sharply lower after the head of the Federal Reserve dashed Wall Street's hopes that it may soon ease up on high interest rates in its effort to tame inflation.

Inflation eased in July as consumer prices and income rose

By Paul Wiseman, Associated Press

Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.

Federal Reserve's inflation fight could bring 'pain' and job losses warns Powell

By Chris Rugaber, Associated Press

Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is determined to fight inflation with more sharp interest rate hikes, which will likely cause pain for Americans in the form of a weaker economy and job losses.

WATCH: Federal Reserve Chair Powell warns interest rates could increase 'for some time'

By Christopher Rugaber, Associated Press

Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades.

This New Orleans food bank opened to serve more people. Inflation is forcing organizers to turn dozens away

By Roby Chavez

Inflation, supply chain issues, and rising gas prices impact food pantries across Louisiana. Some are now faced with imposing limits on grocery giveaways, turning people away, and even canceling food distribution.

As Zimbabwe again faces inflation, government introduces gold coins

By Farai Mutsaka, Associated Press

Rising prices and a fast depreciating currency have pushed many in Zimbabwe to the brink, reminding people of when the southern African country faced world-record inflation of 5 billion percent in 2008.

Egypt's central bank governor resigns as economic struggles mount

By Samy Magdy, Aya Batrawy, Associated Press

The Middle East's most populous nation has struggled to curb inflation triggered by Russia's war in Ukraine, high oil prices and a drop in tourism.

July retail sales were flat, as customers weather inflation

By Paul Wiseman, Anne D'Innocenzio, Associated Press

The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.

U.S. wholesale inflation fell in July for first time in 2 years

By Christopher Rugaber, Associated Press

Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.