The surprisingly strong CPI numbers mean the Fed is likely to hold interest rates steady at its next meeting in July.
Fresh CPI figures showed that consumer prices actually fell 0.4% month over month in June.
Hay yields in the U.S. may see a hit resulting from drought in the West and extreme rain in parts of the Midwest.
Banks are making money on the AI and stock market boom, whether by directly financing companies, facilitating stock trades, or managing IPOs.
With the CPI at 4.2% in May, some economists think inflation is near its peak. But structural pressures could keep prices elevated longer.
What happens with the producer price index often impacts the consumer price index.
A new report from the Urban Institute suggests some consumers may be headed for a cliff.
In a recent piece in Bloomberg, labor economist Kathryn Anne Edwards proposes a solution to the Social Security trust fund shortfall: change the tax treatment of the self-employed.
Economists worry that if we expect more inflation we’ll get more inflation.
Blame war in the Middle East for particularly weak sales at gas stations and convenience stores.
