US Producer Price Inflation Eases to Still-High 8.5%
WASHINGTON — Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels.
Oil Falls Below $80 En Route to Biggest Run of Weekly Losses This Year
Oil headed for the longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic growth.
Fed Attacks Inflation With Another Big Hike and Expects More
Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Sept. 21 by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come.
US Inflation Falls for 2nd Straight Month on Lower Gas Costs
WASHINGTON — Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.
Key Inflation Gauge Reaches 6.8% as Prices Keep Surging
WASHINGTON — An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs.
Freight Transportation Stakeholders Raise Inflation Concerns
Citing inflation and supply chain bottlenecks, transportation stakeholders called on congressional policymakers to help remedy current economic conditions.
US Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go Big
U.S. inflation accelerated in June by more than forecast, underscoring relentless price pressures that will keep the Federal Reserve on track for another big interest-rate hike later in July.
Key Inflation Gauge Remains a High 6.3%
WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April.
US Inflation Unexpectedly Accelerates to 40-Year High of 8.6%
U.S. inflation hit a fresh 40-year high in May, unexpectedly accelerating in a broad advance that pressures the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.
Biden Plots Inflation Fight With Fed Chair
WASHINGTON — Focused on relentlessly rising prices, President Joe Biden plotted inflation-fighting strategy May 31 with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on the actions of the government’s central bank.
May 31, 2022