Economy>Inflation
FEDERAL RESERVE Powell warns of ‘some pain’ ahead as the Fed fights to bring down inflation
KEY POINTS Fed Chairman Jerome Powell on Friday pledged that the central bank will “use our tools forcefully” to attack inflation that is still running near its highest level in more than 40 years. In his annual Jackson Hole, Wyoming, policy speech, Powell added that higher interest rates likely will persist “for some time. The…
Read MoreBread causing $10-per-loaf sticker shock as inflation surges
Bread prices are becoming another source of sticker shock for grocery shoppers during a period of decades-high inflation, according to a report. The price of artisanal bread and other premium options has hit $10 per 2-pound loaf at some grocery stores – turning a pantry staple into a pain point for consumers already facing financial headaches…
Read MoreWhy is inflation so high? An economist explains why everyday essentials cost more
Select spoke to an economist about what’s causing the high prices we’ve been experiencing lately. As prices continue to increase across a broad range of spending categories, many Americans are finding that their paychecks aren’t going as far as they used to. That’s probably because in June, the year-over-year inflation rate, as measured by the…
Read MoreConsumer prices up 9.1 percent over the year ended June 2022, largest increase in 40 years
Over the 12 months ended June 2022, the Consumer Price Index for All Urban Consumers increased 9.1 percent. The 9.1-percent increase in the all items index was the largest 12-month increase since the 12-month period ending November 1981. Read The Full Story>
Read MoreMonetary Gold Appearing with Britt Waters discussing the current state of the economy
Watch Monetary Gold appearing with Britt Waters. Today were are discussing the current state of the economy. The stock market has just taken a 1,200-point drop, Inflation is raging above 8%, and there is no signs of relief any time soon. The answer is gold. No other asset class can protect your wealth like gold.
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