-
WATCH: Why are prices still high if inflation is slowing?
Inflation is slowing, but prices are still high — what gives? News4’s Maggie More explains the difference between inflation, disinflation and deflation, and the role each one plays in those sky-high grocery bills.
-
Fed Raises Interest Rates Half a Point to Highest Level in 15 Years
The Federal Reserve raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over yet.
-
Consumer Prices Rose Less Than Expected in November, Up 7.1% From a Year Ago
The consumer price index was expected to increase 0.3% in November, according to Dow Jones estimates.
-
Wholesale Prices Rose 0.3% in November, More Than Expected, Despite Hopes That Inflation Is Cooling
The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago.
-
Payrolls and Wages Blow Past Expectations, Flying in the Face of Fed Rate Hikes
Nonfarm payrolls were expected to increase by 200,000 in November, according to Dow Jones estimates.
-
Senate Moves to Avert Rail Strike Amid Dire Warnings
The Senate moved quickly Thursday to avert a rail strike that the Biden administration and business leaders warned would have had devastating consequences for the nation’s economy.
-
Shopper Turnout Hit Record High Over Black Friday Weekend, Retail Trade Group Says
A record number of holiday shoppers turned out from Thanksgiving Day to Cyber Monday, according to the National Retail Federation.
-
Consumers Will Pay the Price If Rail Industry and Unions Can't Agree on Labor Deal
From cars to gas to groceries and holiday shopping, consumers could see higher prices and shortages of some of their favorite products if rail workers walk out next month.
-
US Supply Chain Under Threat After Rail Union Rejects Deal and Freight Strike Looms
Railroad conductors rejected the contract, which must be approved by all 12 rail unions to prevent a strike that could cripple supply chains.
-
Some Economists Say Companies Are Using ‘Cover of Inflation' to Excessively Hike Prices
Many companies have posted record profits since the pandemic. But executives have also talked openly in earnings calls about raising prices because they can, and then publicly claiming the increases were due to inflation.