Inflation? Oh yeah, I’m old enough to remember. As I’m sure you saw, inflation numbers came out red-hot on Thursday, with prices for the month of January rising at an annualized rate of 7.5%, the highest since February 1982. “This is a big shock to me,” says Jian Yang, professor […]
inflation
Powell says central bank likely to raise rates in March Fed chief says inflation has not improved since December U.S. stocks reverse course to end mostly lower WASHINGTON, Jan 26 (Reuters) – The Federal Reserve on Wednesday said it is likely to hike interest rates in March and reaffirmed plans […]
Text size A Ukrainian soldier in the Kharkiv region near the Russian border. Will Putin pull the trigger on an invasion? Sergey Bobok/AFP/Getty Images We were waist deep in the Big Muddy, and the big fool said to push on. Pete Seeger’s words describing stubborn, misguided leadership in the midst […]
Inflation is seeping through American business, hitting companies in unexpected ways beyond higher prices for materials, shipping or wages. It is adding to legal costs for the maker of Marlboro cigarettes, driving up the bill for auto repairs at Allstate Corp. ALL 0.08% , prompting people to pay less of […]
Gasoline prices are displayed at a Los Angeles gas station on Feb. 8, 2022. Mario Tama | Getty Images As inflation climbs to historic highs, rising gasoline and other consumer prices are among Americans’ top concerns, a survey finds. Yet more than one-third of respondents — 35% — have no […]
RyanJLane | E+ | Getty Images With a rising cost of living, investors may be eyeing I bonds, an inflation-protected and nearly risk-free asset, paying a 7.12% annual rate through next April. While I bonds have relatively low purchase limits, couples may leverage a year-end strategy to increase their holdings. Annual […]