Tag
Big businesses can rely on reams of data to figure out how much to raise prices. Small business owners don’t have that luxury.
Jerome Powell has stuck to the same script on whether more interest rate increases are coming — but that script has a cliffhanger ending.
Inflation is cooling, but food prices are still much higher than they were a year ago. Bakery products, in particular.
Among them are New Zealand, Germany and, probably, China.
Patient numbers have bounced back to prepandemic levels.
In Minneapolis, prices rose just 1.8% in the past year. Compare that to Miami, where inflation is at a whopping 9%.
If the Fed can tamp down inflation without sparking a recession, it would be only the second time in history in U.S. history.
In Monday’s Consumer Price Index report, rent prices rose 8.7% year-over-year in May. That sounds like a lot, but here’s why that number isn’t a reliable indicator of where rental prices are headed.
The microchip shortage of recent years put the brakes on the production of new cars. That’s making for a low supply of used cars now.
The latest data shows inflation is well below its peak of more than 9% a year ago. But there’s a ways to go before the Fed reaches its 2% target.
