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Price Inflation Slowed Slightly — Now Wall Street Will Demand More...

(Ryan McMaken, Mises Institute) The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Wednesday, and according to the report, price inflation during...

Biden Elevates Economist Who Complained Gas Prices Were ‘Too Low’

(Headline USA) President Joe Biden recently appointed to a top White House position an economist who once complained that gas prices were “too low.” Jared Bernstein, who...

Powell Said the Banking System Is “Sound and Resilient” — Now...

(Ryan McMaken, Mises Institute) The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate)...

Fed Raises Key Rate But Hints It May Pause Amid Bank...

(AP) The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level...

Inflation Pressures Remain Persistent as Consumers Pull Back

(AP) Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the...

Food Prices Fall on World Markets But Not on Kitchen Tables

(AP) A restaurant on the outskirts of Nairobi skimps on the size of its chapatis — a flaky, chewy Kenyan flatbread — to save...

Real Wages Fall for Two Years Straight as “Transitory” Inflation Turns...

(Ryan McMaken, Mises Institute) The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data last week, and according to the report, price inflation...

Top Fed Official Sees Need for More Interest Rate Increases

(AP) A senior Federal Reserve official said Friday that there has been little progress on inflation for more than a year and that more interest...

Inflation Rises Again, But at Slower Pace

(The Center Square) Inflation rose again in March, but at a slower pace than previous months, the U.S. Bureau of Labor Statistics latest consumer...

IMF: Prolonged High Inflation Dims Outlook for World Economy

(AP) The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting...