One chart shows that low-income Americans get hit hardest by inflation
The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four ...
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US inflation rises to 2.9%, far above Fed’s target. Bitcoin is in major trouble
The latest Consumer Price Index (CPI) figures for December have rattled markets, throwing the Federal Reserve’s inflation strategy into question. The U.S. Department of Labor reported a 0.4% increase ...
US inflation ticks up again — dimming prospects for significant Fed cuts this year
US consumer prices showed no signs of cooling in December amid higher costs for energy goods — pointing to still elevated inflation that aligns with the Federal Reserve’s projections for fewer ...
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US Consumer Inflation Rises In December But Underlying Pressures Ease
US consumer inflation rose for a third straight month in December ... up from 2.7 percent in November, the Labor Department said in a statement on Wednesday. This was in line with the median forecast ...
US labor market stays on solid footing early in the year
The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting no ...
US retail sales exit 2024 with momentum; labor market on solid ground
U.S. retail sales increased in December as households bought motor vehicles and a range of other goods, pointing to strong ...
The latest inflation data puts the US economy back in the 'Goldilocks' zone
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street ...