Morgan Bennett of Jamaica is a student guest worker at Funland, a beachside amusement park in Rehoboth Beach, Del. For the first time since the pandemic began, international student workers will be a big part of the park’s staff. Chris Darr hide caption toggle caption Chris Darr Morgan Bennett of […]
Inflation
Consumer prices jumped 8.6 percent in May compared to last year as inflation holds grip on U.S. economy
The Consumer Price index, which tallies the cost of a basket of goods month to month, jumped 1 percent in May compared to the 0.3 percent increase in April — a sign inflation remains red hot. Compared to one year ago, the index in May hit 8.6 percent, rising from […]
Economics professor rips Biden’s inflation response: President ‘wrong that he can’t do anything’
Fox News contributor and The King’s College economics professor Brian Brenberg argues the president could have prepared ‘for months.’ Reacting to President Biden’s claim there’s no “immediate” fix to record-high gas and food prices, Fox News contributor and The King’s College Executive Vice President of Business professor Brian Brenberg called […]
Fed’s Mester: more rate hikes ahead in ‘painful’ battle with inflation
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Hot dog sausages are seen in a supermarket, as inflation continues to hit consumers with the annual CPI increasing 8.3% in the 12 months through April, in Los Angeles, California, U.S. May 27, 2022. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register June 2 (Reuters) – The […]
Merkle Launches Inflation Resilience Dashboard to Support Business and Marketing Strategy Decisions
First-of-its-kind tool combines granular data to reveal the true impact of inflation and create better customer experiences COLUMBIA, Md., May 25, 2022 /PRNewswire/ — aMerkle, dentsu’s leading technology-enabled, data-driven customer experience management (CXM) company, announced today the launch of its Inflation Resilience Dashboard. With inflation at its highest level in […]
Economics 101: What rising interest rates, inflation mean for you
The price of just about everything has gone up. Inflation, the rate at which prices rise in the economy, is the worst it’s been in 40 years. The Federal Reserve, the central bank for the U.S. — more commonly known as the Fed — announced earlier this month that it […]
6 Small Finance Banks Giving Inflation Beating Returns Over 7% On FD To Regular Customers
Utkarsh Small Finance Bank The bank’s interest rates were last changed on May 9, 2022, and as a result, the bank now offers a maximum return of 7.25 percent to the general public. Tenure General Customers 7 Days to 45 Days 3.00% 46 Days to 90 Days 3.25% 91 Days […]
Fed to Fight Inflation With Fastest Rate Hikes in Decades | Business News
By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — all of […]
IMF Chief: Ukraine War and Inflation Threaten Global Economy | Business News
By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — The head of the International Monetary Fund warned Thursday that Russia’s war against Ukraine was weakening the economic prospects for most of the world’s countries and called high inflation “a clear and present danger’’ to the global economy. IMF Managing Director […]
Has the Federal Reserve Lost the Fight Against Inflation?
Has the Federal Reserve lost control of inflation and, by extension, the economy? No doubt, consumers are feeling the pain, with inflation rates in the U.S. the highest since the early 1980s. But does this mark a secular change in the economy or something that may prove relatively fleeting? Bloomberg […]
Latest Economy, Inflation and Business News: Live Updates
Wheel loaders filling trucks with ore at the MP Materials rare earth mine in Mountain Pass, Calif.Credit…Steve Marcus/Reuters WASHINGTON — President Biden took steps on Thursday to try to increase domestic production of critical minerals and metals needed for advanced technologies like electric vehicles, in an attempt to reduce America’s […]
What happens when corporations expect inflation to stick around
In its new Economic Policy Survey, the National Association for Business Economics found that corporate America thinks the Fed should be moving faster to rein in inflation. Nearly 4 in 5 survey respondents expect inflation to stay above 3 percent through the end of next year, including 36 percent who […]