It’s the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual...
Federal Reserve Bank Chair Jerome Powell speaks during a House Financial Services Committee hearing on the Federal Reserve’s Semi-Annual Monetary Policy Report at the U.S. Capitol...
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024. Michael M. Santiago | Getty Images This report...
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024. Michael M. Santiago | Getty Images This report...
“The implication of that is that if you wait until inflation gets all the way down to 2%, you’ve probably waited too long, because the tightening...
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic...
“With abundant signs of a cooling economy, the consumer price index for June certainly constitutes the ‘more good data’ on inflation that Fed Chair Jerome Powell...
Preparing to pay for college? Here are 6 steps to get you started Getting into college is a big milestone, but do you have a plan...
The number of job openings has declined sharply in every state since 2022, better aligning the numbers of unfilled jobs and people seeking work. Nationally, for...
Stop & Shop will shutter seven stores in the New York City area and 32 overall as inflation-battered shoppers seek cheaper supermarkets, the company said on...
Physical goods have accounted for much of the deflation over the past year, according to economists. This is happening as supply and demand dynamics that were...
Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices...