The cost of borrowing for a home has fallen in recent months, despite repeated increases of the benchmark interest rate. An economist explains the seeming paradox.
The Fed is taking aim at its inflation target.
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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.
Staving off both recession and a financial crisis may take more than a hope and a prayer.
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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.
A strange thing happens when we think about prices.
Zwiebackesser
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.
Lower gas prices will put downward pressure on inflation.
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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.
An estimated 20 million people will see their balances drop to zero.
AP Photo/Evan Vucci
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 30% of Gen Z adults needed help from a food bank or other charity to get enough food in 2022.
AP Photo/Rick Bowmer
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.
Fed Chair Jerome Powell is hoping to orchestrate a very delicate dance.
AP Photo/Manuel Balce Ceneta