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Federal Reserve Chair Jerome Powell said inflation “will likely remain elevated in coming months" before “moderating."
Tagged with: Economy fed inflation
Read More »Fed chair: Inflation will be ‘elevated’ in coming months 
Fed chair: Inflation will be ‘elevated’ in coming months
Consumer prices surge in June by the most since 2008
Prices for U.S. consumers jumped in June by the most in 13 years.
Tagged with: consumer prices Economy inflation spending
Read More »Worried about inflation? Check paystubs, not just pump price
July 1, 2021
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In terms of inflation, a big and sustained gain in wages would be even more dangerous than the price spikes already seen for oil and other commodities.
Tagged with: Economy inflation wages wall street
Read More »May consumer spending flat; incomes fall and prices jump
June 25, 2021
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Consumer spending was flat in May, while inflation posted a sizable gain of 0.4%.
Tagged with: Economy income inflation spending
Read More »Inflation poses new challenge for pandemic-weary businesses
June 23, 2021
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Small businesses that endured shutdowns and lower revenue during the COVID-19 outbreak now must contend with another crisis: spiking prices for goods and services that squeeze profits and force many owners to pass the increases along to customers. Mickey Luongo’s ...
Tagged with: inflation Small business
Read More »Economy growing rapidly, inflation up ‘notably,’ Fed chair says
June 22, 2021
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The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony.
Tagged with: Economy fed inflation
Read More »As inflation rises, Fed sees faster time frame for rate hikes
June 16, 2021
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The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back low-interest rate policies.
Tagged with: fed inflation interest rates prices
Read More »US wholesale prices see record rise over the past year
June 15, 2021
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Wholesale prices, boosted by rising food costs, increased 0.8% in May, and are up by a record amount over the past year.
Tagged with: inflation wholesale prices
Read More »Another jump in prices furthers inflation spike, tightens squeeze on consumers
June 10, 2021
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American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.
Tagged with: Economy fed inflation prices
Read More »US economy: Plenty of growth, not enough workers or supplies
June 7, 2021
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