Employment Costs in US Increase by More Than Forecast
U.S. employment costs jumped by the most on record at the start of the year, heightening concerns about persistent inflation that set the stage for more forceful policy action by the Federal Reserve.
US Inflation Jumped 8.5% in Past Year, Highest Since 1981
WASHINGTON — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
Key Inflation Gauge Sets 40-Year High as Fuel, Food Soar
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances.
States Seek to Ease Inflation Burden With Direct Payments
PORTLAND, Maine — With inflation raging and state coffers flush with cash, governors and lawmakers across the U.S. are considering a relatively simple solution to help ease the pain people are feeling at the gas pump and grocery store — sending money.
Fed Lifts Rates a Quarter Point in Opening Bid to Curb Inflation
The Federal Reserve raised interest rates by a quarter percentage point and signaled six more such hikes this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.
Retail Sales Soften as High Gasoline Costs Begin to Bite
Growth in U.S. retail sales slowed in February after surging a month earlier, suggesting that consumers tempered their spending in some categories as inflation limited purchasing power.
US Inflation Soared 7.9% in Past Year, a Fresh 40-Year High
WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of higher prices to come.
Key Inflation Gauge Hit 6.1% in January
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.
Inflation, Tangled Supply Lines Are Gripping Economy
WASHINGTON — Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Ky. Now, they’re about to throw in the towel.
Inflation Charges Higher With Larger-Than-Forecast Gain
U.S. consumer prices surged in January by more than expected, sending the annual inflation rate to a fresh four-decade high and adding more urgency to the Federal Reserve’s plans to start raising interest rates.