KVSP Inflation
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Kinga Krzeminska/Getty Images (NEW YORK) — As Americans continue to experience sticker shock with volatile food costs, a slight ease of inflation last month could provide relief for consumers’ wallets — particularly at the grocery store. Food prices rose at a much slower pace than overall inflation since the same time last month, the Department […]
Bloomberg Creative/Getty Images (WASHINGTON) — Consumer prices rose 3.4% in April compared to a year ago, slowing slightly from the previous month and offering a welcome sign for the Federal Reserve in its yearslong inflation fight. The fresh data matched economists’ expectations. After falling dramatically over the course of last year, inflation had accelerated in […]
Bloomberg Creative/Getty Images (WASHINGTON) — The White House and Wall Street will closely watch Wednesday’s inflation report for any signs that the Federal Reserve’s aggressive cooldown efforts are working. After falling dramatically over the course of last year, inflation has accelerated in recent months. Recalcitrant prices have forced the Fed to postpone highly anticipated interest […]
Getty Images – STOCK (NEW YORK) — Consumers saddled with high credit card and mortgage rates held onto a source of solace in recent months: A forecast from the Federal Reserve promising long-awaited interest rate cuts. The economy has refused to cooperate, however, casting that financial relief into doubt. Fresh price data released on Wednesday […]
Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to cool inflation, U.S. Bureau of Labor Statistics data showed. The finding matched economists’ expectations. Price increases have cooled dramatically from […]
Javier Ghersi/Getty Images (NEW YORK) — Elected officials, investors, and everyday households await fresh inflation data on Wednesday that is set to reveal whether the fight to cool price increases remains mired in a rough patch. Price increases have cooled dramatically from a peak of about 9%, but inflation still stands more than a percentage […]
Getty Images – STOCK (NEW YORK) — A booming job market, softening inflation, robust growth — the economy has performed well by just any measure but the chief executive of the nation’s largest bank is worried the U.S. still remains on the brink of a downturn. Jamie Dimon, the CEO of JPMorgan Chase, issued a […]
Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 3.2% in February compared to a year ago, increasing slightly from the previous month and offering the latest sign that progress toward lowering inflation has struck a rough patch, a report from the Bureau of Labor Statistics released on Tuesday showed. The fresh data came in […]
Javier Ghersi/Getty Images (NEW YORK) — Inflation data to be released on Tuesday will reveal the latest price movements, a key economic signal for central bankers weighing interest rate cuts and voters turning their attention to the general election. Price increases have cooled dramatically from a peak of about 9%, but inflation still stands more […]
ABC News (GRAND RAPIDS, MI.) — On the campaign trail, President Joe Biden is touting a post-COVID-19 economy that has roared back to life and continued to shatter expectations in recent months. Worries of a recession are fading, unemployment remains very low and average wages are on the rise again after years of being overtaken […]
