US inflation

The Latest

  • US Inflation Accelerates in March, Surpassing Expectations at 3.5% Year-Over-Year
    Drinks section
    US consumer prices rose at a faster-than-expected pace in March, pushing the annual inflation rate to 3.5% and likely dashing hopes that the Federal Reserve will be able to cut interest rates in the near future.
  • Taming US Inflation: A Challenging Road Ahead
    A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo.
    US inflation has hit a two-year low, signaling the end of the inflation cycle. However, persistent core inflation remains a concern.
  • US Inflation Sees Moderate Rise Amid Gasoline Price Drop; Fed Expected to Hike Rates Again
     Piggly Wiggly supermarket
    In March, US consumer prices experienced only a slight increase due to a decrease in gasoline prices. However, persistent high rents continue to exert pressure on underlying inflation, which will likely prompt the Federal Reserve to raise interest rates again next month.
  • Target Reduces Orders As Company Hounded By Huge Inventory
    TARGET DOWN
    Target is also facing higher expenses for transportation, labor and shipping.
  • Amazon, Target, And Walmart Stocks Plummet Amid Rising Inflation
    Amazon
    Amazon's stock price ended 7.6% lower, Walmart's around 6.79% lower, and Target's stock more than 26% lower.
  • Federal Reserve To Hike Rates By Record Half-Percentage Point
    Federal Reserve
    The last time the Federal Reserve raised rates by a half-percentage point was more than two decades ago.
  • U.S. Truckers Struggling With Record-High Diesel Prices
    Trucking
    The national average price of diesel surged to $5.296 per gallon over the weekend, nearly 4.3% higher compared to the previous week.
  • McDonald's Could Increase Prices As Inflation Dents Profits
    McDonald's
    McDonald's said it may be forced to increase its menu item prices again given the rising costs of operational items such as materials and labor.
  • Larry Summers Issues Warnings To Biden Of Unwanted Inflation
    Economy
    Continually "printing money" and borrowing at "unprecedented scales" creates risks, Summers said.
  • US Fed Officials Debate On New Ways To Give Finance Market A Facelift
    FEDERAL RESERVE
    'It's the hand we are dealing with', a Federal Reserve official says regarding the central bank's dilemma