Inflation
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Read MoreFEDERAL 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 MoreDetermining How Today’s Inflation Impacts Your Retirement Ongoing Needs Tomorrow
With prices rising at a record rate, many retirees or people planning to retire soon may be increasingly worried about what sort of lifestyle they can afford. The good news is that the headline inflation number of 9.1% from the Bureau of Labor Statistics represents an average rise in consumer prices. Your own inflation rate may be different…
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…
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