Economy, Inflation
Consumer confidence drops as food, gas prices rise(The Center Square) – New data on consumer confidence shows that Americans are less confident about the U.S. economy, pointing to higher grocery and gas prices.The Conference Board,… Read More
Inflation
Food prices expected to rise through 2024(The Center Square) – Recently released federal pricing analysis from the U.S. Department of Agriculture projects that food prices will continue to rise through 2024. The USDA pointed… Read More
Inflation
Inflation rose more than expected in latest federal data(The Center Square) – Newly released federal inflation data shows that producer prices rose more than expected. The U.S. Bureau of Labor Statistics released its Producer Price Index,… Read More
Economy, Inflation
Federal Reserve hikes rates to highest level in 22 years(The Center Square) — The U.S. Federal Reserve Board announced another increase to the federal funds rate Wednesday, raising the target range to 5.25 to 5.5%, the highest rate… Read More
Business
Small business owners concerned about inflation and labor quality(The Center Square) – The National Federation of Independent Business released its Small Business Optimism Index Monday, which remained below the 49-year average for the 17th month in a… Read More
Inflation
KC Fed economist: Inflation could become embedded if rate remains high(The Center Square) – The longer inflation remains above the Federal Reserve’s annual target of 2%, the harder it will be to reduce, according to an economist with the… Read More
Business
‘Crisis:’ Small businesses struggle with inflation, labor market(The Center Square) – Small business week came and went this week, and small businesses took the opportunity to raise a range of concerns about the economy and their… Read More
Biden administration, Inflation
Inflation continues to outpace wages, data shows(The Center Square) – Inflation has outpaced wages for nearly two years, recently released federal data shows. A closer look at federal wage and pricing data shows workers… Read More
Economy, Inflation
‘No painless option’: Fed faces tough choice on inflation following bank collapses(The Center Square) – The U.S. Federal Reserve may be less likely to use its key tool to combat inflation because of recent bank failures.The Fed has been… Read More
Inflation, President Biden
Biden takes fire after inflation increases again(The Center Square) – The latest federal inflation data shows consumer prices rose again in February, sparking criticism of President Joe Biden and his spending agenda. Read More
Biden administration, Congress
Democrats join in bipartisan vote to ‘rein in’ Biden’s executive orders(The Center Square) – Nearly 60 House Democrats voted with Republicans in the U.S. House Wednesday to put a check on President Joe Biden’s executive orders.The House voted… Read More
Gas Prices
Contrary to late 2022, KC Fed predicts gasoline prices won’t lower inflation in 2023(The Center Square) – Gasoline prices contributed to the highest annual inflation rate in decades in 2022, but it probably won’t bring down inflation in 2023, according to… Read More
Biden administration, Inflation
Biden taking added fire as food, shelter, gas get more expensive(The Center Square) – The federal government released its latest inflation data Tuesday, drawing fresh fire for President Joe Biden as the cost of living continues to rise. Read More
Inflation
Americans’ personal finances worst since the Great Recession(The Center Square) – Half of Americans report their personal finances are “worse off” than they were a year ago, according to a new survey. The poll found… Read More
Economy, Inflation
Business owners highlight cost of inflation for businesses, families(The Center Square) – Business owners from West Virginia told the powerful U.S. House Ways and Means Committee on Monday they are struggling with inflation, among other problems, as… Read More
Inflation
Survey: Two-thirds of Americans fear inflation will worsen; almost 90% worried about it(The Center Square) – Two out of every three Americans fear inflation will be worse in 2023 than it was last year, prompting nearly 90% of respondents overall in… Read More
Inflation
Positive GDP in Q4 sparks to optimism for 2023(The Center Square) – Growth in the nation’s gross domestic product during the last half of 2022 shows the raising of interest rates to control inflation didn’t harm the… Read More
Economy, Inflation
Poll: Americans pessimistic about the economy in 2023(The Center Square) – Americans are not optimistic about the economy this year. A new poll from Gallup found about 80% of those surveyed expect higher taxes, a… Read More
Economy
Report: Majority of Americans living paycheck to paycheck, many blame rising inflation(The Center Square) – Recently released survey data reports that the majority of Americans are feeling the pain of inflation and living paycheck to paycheck. PYMNTS released its… Read More
Economy
Survey: 1 in 3 Americans want to save more with New Year’s resolutions(The Center Square) – Inflation remains one of the top concerns for Americans heading into 2023, according to a new WalletHub survey. Prices on a range of goods… Read More