Inflation spiked
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Inflation ticked up
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Inflation is creeping higher, with some Americans saying they're squeezed: "It's really challenging"
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
The Federal Reserve is expected to cut its benchmark interest rate next week as concerns about the economy intensify.
Two key reports released Thursday showed the US economy may be in a state of early-onset stagflation — a toxic one-two punch of slow economic growth and rising prices.
The U.S. economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday.
Inflation rose two-tenths of a percentage point to 2.9% for the year ending in August in the consumer price index.
Despite sentiment that’s near historic lows in a survey that goes back to the early 1950s, consumers are still feeling slightly better about the economy now compared to April and May during Trump’s initial rollout of so-called “reciprocal” tariffs,
Russia’s central bank is cutting its benchmark interest rate by one percentage point to 17%, a step that could support growth and business activity as the economy slows and the government budget deficit increases.