Browsing: Inflation

As Easter gets closer, increased cocoa prices are causing consumers to spend more on their chocolate eggs and bunnies. However, that's only the beginning of the issue.

WASHINGTON — Federal Reserve officials indicated Wednesday that they still plan to lower their key interest rate three times in 2024 despite signs that inflation remained surprisingly high at the beginning of the year. However, they expect fewer rate cuts in 2025 and have slightly raised their inflation forecasts. After concluding their latest meeting, the […]

Before the Federal Reserve’s meeting on interest rates and inflation, progressive lawmakers are urging the central bank to “seriously think about” the effect of ongoing high interest rates on housing affordability and other economic problems.

President Joe Biden voiced his opposition to the proposed sale of U.S. Steel to Nippon Steel of Japan, emphasizing the need for strong American steel companies powered by American steel workers.

Treasury Secretary Janet Yellen stated that she feels sorry for characterizing inflation in 2021 as “transitory,” a term used by several Federal Reserve and Biden administration officials to describe the pandemic-induced price surges they initially believed would be short-lived. “I regret saying it was transitory. It has come down. But I think transitory means a few weeks or months…

A former Trump economic adviser said Friday there is “no question” the U.S. has the strongest economy in the world after a strong February jobs report followed President Biden’s State of the Union address. “One thing that Biden said last night that was true: It is true that the United States today has the strongest…

President Biden gave his last State of the Union before the 2024 election on Thursday night. It was a crucial moment — a rare chance to speak directly to an American public that, at the moment, has a low opinion of the president. Fifty-eight percent of Americans disapprove of Biden’s job performance while only 40 percent approve,…