inflation

Years of stubborn inflation and the spike in gas prices have forced some travelers to opt for more affordable summer vacations. That often means staying closer to home.

Wall Street had been betting that higher oil prices will cause inflation. Now oil prices are dropping, and the leading theory is that cheaper goods could overheat the economy.

It wasn't that long ago that a typical starter home might have been an urban condo. But now that people are waiting longer to buy a home, they're often looking in the suburbs.

AI data centers require all kinds of materials — from copper to computer chips — which is driving up prices for other products that also need those resources.

Austan Goolsbee, president of the Chicago Fed, says Chair Warsh’s new policy to cut back on forward guidance could prevent dings to Fed credibility.

Overall retail sales in May were up 0.9%, much more than economists expected. And it’s not just because things were more expensive.

According to the latest Census report, sales at sporting goods, hobby, musical instrument, and book stores were up 11.3% in May from the same time a year ago.

Rising inflation and the bond markets are telling the Fed to raise rates. The guy in the White House is demanding cuts.

With the consumer price index running at 3.8% — and expected to rise further when new data drops Wednesday — purchasing power is eroding.

Even when temporary outlier categories are out of the picture, prices still rose more than the Fed’s 2% target in April.