New official figures show that inflation, the rate at which prices rise over time, fell again in March.
WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
Food and housing costs are the top expenses that continue increasing for Honolulu residents, eating at restaurants increased by more than 7% over the last 12 months, while rents have increased by 11%.
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
Food Is Now An Investment – Here's Why Inflation Isn't Going Away Anytime Soon Authored by Brandon Smith via Alt-Market.us, One of the more difficult aspects of working in economic analysis is the problem of rampant disinformation that you have to dig through in order to get to the truth of any particular issue. In this regard, economics is very similar to politics. The propaganda is endless and debunking it sometimes feels like moving a mountain with a teaspoon. Establishment...
When it comes to some of life’s most precious and important moments or to just express our creativity, many of us will excitedly pull out of phones to take photos. Although the expediency and convenience of digital photos are great, there’s something special and timeless about having an actual printed photo – whether it’s that special moment, your loved ones, your beloved animal companion or that beautiful sunset you saw in Spain. Or maybe you occasionally print documents from your phone. But...
The PCE index shows that progression on bringing down inflation has stalled. | Economy
Dave Ramsden, one of the nine Monetary Policy Committee (MPC) members, told an audience in Washington that he was now "more confident" that inflationary pressures were receding.
On Friday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Deputy Treasury Secretary Wally Adeyemo commented on the PCE inflation report and stated that inflation has dropped and they expect it to continue to do so and that
Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
As a pro-Palestinian encampment entered its sixth day, New York police officers in riot gear surrounded the Upper Manhattan campus.
According to the High Plains Food Bank’s 2023 annual report it served an average of 21,612 neighbors.