The Fed is waging war to get inflation down to its preferred level of around 2%. An economist explains what’s so special about that number.
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Articles on US inflation
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Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
The Fed is also beginning to reduce its massive balance sheet, which is beginning to cause disruptions in the $24 trillion Treasury market.
Many voters say inflation is the issue that matters to them most as they head to the polls. The problem is, the people they choose can’t do much about it.
When we look at certain prices, we jump to conclusions about inflation rates that are not accurate.
Despite the highest inflation rates in 40 years, Apple chose not to raise prices on its gadgets. More bizarre, the consumer price index suggests smartphones are 20% cheaper than a year ago.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
Biden’s plan would provide up to $10,000 in relief for individuals who earn less than $125,000 a year, and $20,000 for Pell Grant recipients.
The Supreme Court’s decision to strike down the landmark Roe v Wade ruling on abortion is having big political ramifications - and favouring the Democrats.
About a third of American adults in Generation Z lack the money or resources needed for reliable access to nutritious food.
Labor market disruptions, supply chain strains and the war in Ukraine have taken a toll everywhere.
Because housing is sensitive to changes in borrowing costs, it can tell policymakers and consumers a lot about whether the Fed’s plan is working.
Soaring inflation in the US has been driven in part by large increases in the price of groceries – a burden that falls disproportionately on lower-income families.
The US economy gained more jobs than expected in June, although it was still a decline from May. An economist explains what the new numbers mean.
Some of the largest donations made in 2021 went to donor-advised funds, financial accounts known as DAFs.
Inflation is bad for any country’s economy. It also hurts the wealth and financial well-being of individuals and households.
The Fed lifted its benchmark interest rate by half a percentage point as it fights raging inflation.
The consumer price index, which measures everything from the price of peanut butter to gasoline, jumped at an annualized pace of 8.5% in March 2022 as inflation continued to accelerate.
The Fed officially began its biggest inflation fight in four decades.
Russia’s invasion will likely accelerate the fastest inflation in 40 years, increasing the risks for the overall US economy.
Top contributors
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Professor of Economics, University of Nebraska Omaha
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Assistant Professor of Economics, Clark University
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Associate Professor of Economics, Pace University
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Associate Professor of Finance, Mississippi State University
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Associate Professor of Finance, University of Nebraska Omaha
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Associate Professor of Economics, Gonzaga University
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Associate Professor of Economics, University of South Carolina
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Associate Professor of Markets, Public Policy and Law, Boston University
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Doctoral Candidate in Economics, University of California, San Diego
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Professor of International Economic Affairs at The Fletcher School, Tufts University
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Professor of Finance and Business Economics, University of Southern California
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Professor of Finance, North Carolina State University
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Associate Professor of Finance, Texas State University
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Associate Professor of Social Work, University of Michigan
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Assistant Professor of Economics, The College of Wooster
