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U.S. consumer confidence waned this month as concerns about inflation took hold after receding somewhat in recent months.
Tagged with: consumer confidence inflation
Read More »Consumer confidence takes a hit in October
IRS ups standard deductions, tax brackets due to inflation
Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward because of persistently high inflation.
Tagged with: inflation IRS Taxes
Read More »8.7% hike to Social Security checks won’t cut it, some fear
Many Social Security recipients worry whether the biggest cost-of-living increase in four decades will be enough to cover their needs.
Tagged with: inflation social security
Read More »As the causes of inflation grow, so do the dangers
What keeps driving inflation so high? The answer, it seems, is nearly everything.
Tagged with: inflation
Read More »Worsening inflation will pressure Fed to keep raising rates
Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households.
Tagged with: inflation
Read More »Producer price inflation eases in September but remains high
Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels.
Tagged with: inflation
Read More »Fed vice chair warns rates to stay high, notes global impact
Federal Reserve Vice Chair Lael Brainard said Friday that U.S. interest rates will likely have to remain high for an extended period to combat inflation.
Tagged with: federal reserve inflation
Read More »Resilient consumers spend slightly more in August
Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices.
Tagged with: consumer spending inflation
Read More »Boston Fed president says ‘modest slowdown’ is possible
Susan Collins, the new president of the Federal Reserve Bank of Boston, said a higher unemployment rate will be needed to bring down inflation.
Tagged with: federal reserve inflation
Read More »Fed’s stark message: Inflation fight may cause recession
The Fed delivered its bluntest reckoning of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
Tagged with: federal reserve inflation
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