inflation

Inflation casts a shadow over Thanksgiving as food banks struggle to meet demand

By William Brangham, Karina Cuevas

This Thanksgiving, as many sit down with friends and family at tables overstuffed with food, there are millions of Americans who aren’t as fortunate. The holiday is a reminder of the stark reality of what’s called food insecurity. It’s widespread…

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WATCH: Biden assured inflation help is coming but 'will take time'

By Chris Megerian, Aamer Madhani, Associated Press

He made the remarks while meeting with business and labor leaders in his first public event since returning from an around-the-world trip to Egypt, Cambodia and Indonesia.

Federal Reserve official suggests substantial rate hikes may be needed

By Christopher Rugaber, Associated Press

The Federal Reserve may have to raise its benchmark interest rate much higher than many people expect to get inflation under control, said James Bullard, who leads the Federal Reserve Bank of St. Louis.

Fewer Americans filed for jobless benefits last week, contributing to inflation

By Matt Ott, Associated Press

The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve's rapid interest rate hikes this year intended to bring down inflation and tighten the labor market.

Average long-term U.S. mortgage rates fall to 6.61 percent

By Matt Ott, Associated Press

The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months.

European Central Bank says a recession 'has become more likely'

By David McHugh, Associated Press

It's looking more like a recession is coming in Europe. That's the takeaway from a financial stability report that the European Central Bank released Wednesday.

Rising food costs eating up Thanksgiving dinner funds

By Dee-Ann Durbin, Associated Press

Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples.

UK inflation climbs to 11.1 percent, 41-year high

By Danica Kirka, Associated Press

Britain's inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation's cost-of-living crisis when it releases new tax and spending plans Thursday.

EU forecasts recession this year amid persistent inflation

By David McHugh, Associated Press

The European Union's executive commission slashed its forecast for economic growth next year. It says spreading the message that the countries that use the euro currency will slide into recession over the winter will erode consumer purchasing power.

Price increases slow as U.S. consumer inflation eases to 7.7 percent

By Paul Wiseman, Associated Press

Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious.