Consumer prices jump at fastest pace since 1982

(NEW YORK) -- Consumer prices are continuing to climb, causing new pain for Americans' pocketbooks, as inflation tightens its grip on the economy and hobbles the post-pandemic recovery. The consumer price index, which measures the prices consumers pay for a market basket of everyday goods... Read More.

US GDP contracted by a record 32.9% pace last quarter

By CATHERINE THORBECKE, ABC News(WASHINGTON) -- Real gross domestic product (GDP) plunged by a record annual rate of 32.9% last quarter, according to government data released Thursday. The figure reflects how the coronavirus pandemic has clobbered the U.S.... Read More.