The Labor Department report may put pressure on the Federal Reserve to raise interest rates further to stem inflation.
Category: Inflation (Economics)
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Companies Push Prices Higher, Protecting Profits but Adding to Inflation
Corporate profits have been bolstered by higher prices even as some of the costs of doing business have fallen in recent months.
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Why Are Food Prices So High in Europe? Sugar, Cheese and Bread Costs Soar
Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers.
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Why the Debt Limit Spending Cuts Likely Won’t Shake the Economy
With low unemployment and above-trend inflation, the economy is well positioned to absorb the modest budget cuts that President Biden and Republicans negotiated.
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401(k) Hardship Withdrawals Tick Up as Inflation Stays High
Retirement plan administrators are noting an uptick in hardship withdrawals. But taking that money out can harm your future financial security.
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Consumer Spending Rose More Than Expected in April
New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.
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German Economy Slipped Into Recession in First Quarter
Consumer spending and exports fell in the first three months of this year, adding to a slump in late 2022 in Europe’s largest economy.
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Fed Officials Were Split Over June Rate Pause, Minutes Show
In the Federal Reserve’s last meeting, “several” participants thought rates may have moved high enough to get inflation under control.
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U.K. Inflation Slowed in April, but Remains Stubbornly High
Consumer prices rose 8.7% from a year earlier, the slowest pace since March 2022.
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More Americans Say Finances Are Tighter Because of Inflation
A new Federal Reserve survey finds that the strong job market hasn’t been enough to offset the rising cost of living for many families.
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Inflation Persists and Car Prices Are a Big Reason
Prices of new and used vehicles were supposed to recede quickly as supply chain problems dissipated. The market had other ideas.
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The Fed Chair Says Inflation Remains Too High
The Fed chair said that it would take “some time” for inflation to moderate and that the central bank would continue to look at data as it considers whether to raise rates next month.