(NEW YORK) -- An apple a day may keep the doctor away, but a banana a day is cheaper.While inflation has pushed prices up in most aisles of the grocery store, the common yellow fruit has impressively defied produce inflation and remained accessible to... Read More.
(GRAND RAPIDS, MI.) -- On the campaign trail, President Joe Biden is touting a post-COVID-19 economy that has roared back to life and continued to shatter expectations in recent months.Worries of a recession are fading, unemployment remains very low and average wages are on... Read More.
(NEW YORK) -- Consumer prices rose 3.1% in January compared to a year ago, slowing markedly from the previous month but missing expectations of an even larger cooldown, a report from the Bureau of Labor Statistics released on Tuesday showed.Still, the falling inflation offered... Read More.
(NEW YORK) -- Inflation data to be released on Tuesday will show whether price increases resumed a monthslong slowdown in January.The report from the U.S. Bureau of Labor Statistics follows a slight acceleration of price increases in December. That jump in inflation complicated the... Read More.
(NEW YORK) -- U.S. airstrikes against Houthi targets in Yemen on Thursday night escalated an ongoing conflict over a shipping route that holds significant implications for oil prices and inflation.The military operation, undertaken in partnership with the United Kingdom, came in response to a... Read More.
(NEW YORK) -- Consumer prices rose 3.4% in December compared to a year ago, accelerating markedly from the previous month and defying a smooth path down to normal levels, a report from the Bureau of Labor Statistics released on Thursday showed.The Federal Reserve stands... Read More.
(NEW YORK) -- Policymakers will pay close attention to the release of price data on Thursday as the Federal Reserve weighs dialing back its inflation fight with a series of interest rate cuts.The Fed expects to slash rates later this year, which would ease... Read More.
(NEW YORK) -- Inflation is falling toward normal levels, according to fresh data released Friday from the Federal Reserve's preferred measure, the Personal Consumption Expenditures price index.The information is the latest in a string of good news for price increases, but a major disruption... Read More.
(WASHINGTON) -- The Federal Reserve will announce an interest rate decision on Wednesday, unveiling its latest policy move amid a near-historic series of rate hikes deployed to fight inflation.That string of rate increases has coincided with a cooldown of inflation but also has elevated... Read More.
(WASHINGTON) -- Consumer prices rose 3.1% in November compared to a year ago, cooling slightly from the previous month and indicating progress in the fight to reduce inflation, a report from the Bureau of Labor Statistics released on Tuesday showed.The fresh data arrives a... Read More.
(WASHINGTON) -- Washington, D.C. and Wall Street will closely watch the release of inflation data on Tuesday that's set to show whether price hikes continued their cooldown in November or defied further progress.The fresh data will arrive a day before the Federal Reserve decides... Read More.
(WASHINGTON) -- Consumer prices rose 3.2% in October compared to a year ago, cooling significantly from the previous month and exceeding economist expectations. The data indicates progress in the Federal Reserve's fight to reduce inflation.The results mark a half-percentage-point decline from the annual inflation... Read More.