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Inflation

Government data seems to show inflation's slowing. But that doesn't mean prices will fall.

by Justin Ho
May 10, 2022
In some ways, falling prices would actually be bad news for the economy.
Americans are frustrated with inflation in the prices of everyday items, but deflation would cause its own problems.
Frederic J. Brown/AFP via Getty Images
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Economic Pulse

California's drought is squeezing farmers and threatening food prices

by David Brancaccio and Rose Conlon
May 10, 2022
“There are a lot of empty fields that aren't being planted — something I've never seen before," say Terranova Ranch's Don Cameron.
In California, almond trees are being removed and hundreds of thousands of acres of rice won't be planted because of the drought, says Don Cameron of Terranova Ranch.
Justin Sullivan/Getty Images
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Double whammy: Credit card debt grows as interest rates rise

by Savannah Maher
May 9, 2022
Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.
After paying down credit card debt for the past few years, Americans have gone back to high spending.
Joe Raedle/Getty Images
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What a dip in productivity tells us about the economy

by Savannah Maher
May 5, 2022
For one thing, it's not helpful in the fight against inflation.
"Productivity is an escape hatch for inflation," said Sarah House, an economist at Wells Fargo.
Johannes Eisele/ AFP via Getty Images
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Is a wage-price spiral driving inflation?

by Mitchell Hartman
May 4, 2022
Wages are rising fast, but not as fast as prices. When inflation expectations drive workers' demands for higher pay, inflation can spiral out of control.
Rising prices can motivate workers to seek higher pay. Both are increasing quickly.
Joe Raedle/Getty Images
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Federal Reserve raises interest rate by half a percentage point — the largest rate hike since 2000

by Associated Press
May 4, 2022
The Fed intensified its fight against the worst inflation in 40 years on Wednesday and signaled further large rate hikes to come.
Above, Federal Reserve Board Chair Jerome Powell in March. On Wednesday, he confirmed what a lot of economists had been expecting: a half-percentage point interest rate increase.
Samuel Corum/Getty Images
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Anticipated Fed interest rate hike already being felt

by Sabri Ben-Achour
May 3, 2022
Mortgage rates, for example, probably already have the Fed hikes built in.
The Federal Reserve is planning to raise interest rates this week. If you're trying to take out a mortgage, chances are you're already feeling the effects.
Anna Moneymaker/Getty Images
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The Federal Reserve plans to shrink its balance sheet. Here's what that means.

by Andie Corban and Kai Ryssdal
May 3, 2022
The strategy is aimed at tightening credit and easing inflation. Purdue's Cathy Zhang worries about the effects on financial markets.
Samuel Corum/Getty Images
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What's helping drive wage increases for low-wage workers?

by Lily Jamali
May 3, 2022
In some sectors, like leisure and hospitality, workers have been quitting and changing jobs, allowing them move into higher-paid positions.
Wages for jobs like cooks, waiters and hotel clerks rose more than 8% in the first quarter of 2022 from a year earlier, according to the Bureau of Labor Statistics.
Justin Sullivan/Getty Images
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New data shows companies are spending more on workers

by Mitchell Hartman
Apr 29, 2022
Wages are rising and benefits are getting better. Trouble is, inflation is outpacing pay.
Creative/ Getty Images
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