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Ranks of millionaires quietly growing, but their status is not
A growing number of everyday Americans are hitting $1M net worth, but rising costs mean millionaire status doesn’t buy what it once did.
Beef prices have soared — and not just during grilling season
According to U.S. government data, the average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago.
Powell says Fed rate cut is on hold even as Trump demands cuts
The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate.
Consumer sentiment rises for 1st time this year as inflation remains tame
Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved.
Inflation barely rose in May as cheaper gas and cars offset some costlier imports
U.S. inflation picked up a bit in May as food costs rose, though overall inflation remained mostly tame, according to Labor Department data.
US growth likely to slow to 1.6% this year, hobbled by Trump’s trade wars, OECD says
U.S. economic growth will slow to 1.6% this year from 2.8% last year amid President Donald Trump’s erratic trade wars, OECD forecasts.
Spike in steel tariffs could imperil Trump promise of lower grocery prices
President Donald Trump’s doubling of tariffs on foreign steel and aluminum could hit Americans in an unexpected place: grocery aisles.
Trump’s massive import taxes haven’t done much economic damage — yet
Trump's record-high tariffs strain businesses and consumers as costs rise, despite easing inflation and strong jobs data in April.
Some MD brewers concerned tariffs will make tough times tougher
Maryland breweries have yet to fully recover from the COVID-19, and tariffs have added another wrinkle to their bounce-back efforts.
Under a cloud of tariffs, Walmart is latest retailer to announce price hikes
Walmart became the latest — and largest — major retailer to say it must raise prices due to higher costs from tariffs.
Inflation cooled again in April amid lower prices for gas and groceries — and eggs
Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect.
Federal Reserve leaves key rate unchanged; sees risk of higher prices, unemployment
The Federal Reserve kept its key interest rate unchanged, brushing off President Donald Trump’s demands to lower borrowing costs.
