Inflation (Economics)
Cheap Food Items to Buy When They’re on Sale
Ten-dollar cartons of eggs. Seven-dollar gallons of milk. Two-dollar apples. Everyone — even Cardi B — is feeling the pain of jaw-droppingly high food costs driven by inflation and a flurry of other factors. It’s scary to see your grocery bill skyrocket, but while no one can predict what’s going to happen to food prices […]
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Inflation slowed last month thanks to cheaper fuel and airfares.
Jan. 10 Jan. 11 Jan. 12 3,880 3,900 3,920 3,940 3,960 3,980 The stock market wobbled on Thursday morning as investors reacted to fresh data that showed price increases slowed in December but in some corners of the economy, inflation remains stubbornly high. The S&P 500 stock index fluctuated between small gains and losses in […]
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Fed President Backs Slowdown as Support Mounts for Smaller Rate Move
Susan M. Collins, the president of the Federal Reserve Bank of Boston, said she was leaning toward a quarter-point interest rate increase at the central bank’s next meeting — a slowdown that would signal a return to a normal pace of monetary policy adjustment after a year in which officials took rapid action to slow […]
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Social Security’s Cost-of-Living Increase Will Be Largest in Four Decades, an Estimate Says
More than 70 million Americans who receive Social Security benefits can expect an inflation adjustment to their monthly checks next year that will be the largest in four decades. Government inflation figures for August, released on Tuesday, point to a Social Security cost-of-living adjustment, known as the COLA, of 8.7 percent, according to an estimate […]
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Advice for Handling Retiring During a Financial Downturn
Most Americans finance their retirement with a certain amount of faith: Investing will help their savings keep pace with inflation, institutions will continue to work as they always have, it will all work out in the end. It’s challenging to maintain that optimism in moments like these, when it seems just about everything is at […]
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U.S. Gas Prices Fall Below $4 a Gallon, AAA Says
Gas prices in the United States fell below $4 a gallon on Thursday, retreating to their lowest level since March, a sign of relief for Americans struggling with historically high inflation and a political boost for President Biden, who has been under pressure to do more to bring down prices. The national average cost of […]
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How Argentines Cope With Inflation That’s 64% and Rising
As countries across the world try to cope with rising prices, there is perhaps no major economy that understands how to live with inflation better than Argentina. The country has struggled with rapidly rising prices for much of the past 50 years. During a chaotic stretch in the late 1980s, inflation hit a nearly unbelievable […]
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How This Economic Moment Rewrites the Rules
Indeed, the Federal Reserve is trying to cut it off. Jerome H. Powell, the Fed chair, has described the labor market, with twice as many open jobs as unemployed workers, as “unsustainably hot,” and is trying to cool it through aggressive interest rate increases. He and his colleagues have argued repeatedly that a more normal […]
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Good News on Jobs May Mean Bad News Later as Hiring Spree Defies Fed
America’s job market is remarkably strong, a report on Friday made clear, with unemployment at the lowest rate in half a century, wages rising fast and companies hiring at a breakneck pace. But the good news now could become a problem for President Biden later. Mr. Biden and his aides pointed to the hiring spree […]
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