The rate of inflation rose 0.4 percent last month bringing 2024’s annual total to 2.9 percent. The U.S. Labor Department announced inflation numbers for the month of December…
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Federal Reserve Cuts Interest Rates
It is the second consecutive rate cut since inflation has begun to flatten. The Federal Reserve met for its final meeting of 2024, opting to reduce banking interest…
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Treasury Secretary Expects Rent Costs to Go Down This Year
She says she regrets saying inflation was “transitory.” Secretary of the Treasury Janet Yellen shared this week that she believes rent prices will go down overall for the…
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Labor Department Reports Spike in Consumer and Housing Prices
Economists attribute increases to customary January surges. The Labor Department reported a spike in consumer prices in January, noting particular increases in food prices and rent prices. The…
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Labor Department Reports Inflation Fell in March
Still higher, at 5 percent, than the Federal Reserve target. The Bureau of Labor Statistics reported last week that inflation decreased one percentage point in March, ending at…
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January Inflation Higher Than Expected
Labor Department reports inflation now at a 6.5 percent annual rate. The U.S. Department of Labor released its January consumer price index Tuesday which reflected a half percentage…
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U.S. Inflation Slowed in November
Dropped more than half a percent from October. The Consumer Price Index released this week shows inflation slowed in November, providing hope that interest rates and prices may…
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Thanksgiving Dinner Costs 20 Percent More in 2022
American Farm Bureau tallies the rise in price due to inflation. The traditional Thanksgiving meal with all the fixings will cost 20 percent more this year than a…
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Social Security Payments to Increase by 8.7% in 2023
The additional amount averages $140 per month. The Social Security Administration announced that Social Security benefit payments will be increasing by 8.7 percent in 2023. This will raise…
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Inflation Outpaces Wage Increases
Dallas federal reserve bank and labor data shows disparity. Purchasing power in the U.S. is experiencing further shrinkage despite higher wages. The Federal Reserve Bank of Dallas has…
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