President Biden discussed the economy in the last interview of his administration on MSNBC’s “The Last Word with Lawrence O’Donnell" Thursday night.
Measuring key aspects of a nation’s economy is important, but the metrics used are often misunderstood by many. Quantifying output of goods and services, price levels, and labor use provides
U.S. inflation accelerated last month as prices for gas, eggs, and used cars rose, yet underlying price pressures also showed signs of easing, bolstering hopes that the Federal Reserve could still cut its key interest rate this year.
US consumer inflation rose for a third straight month in December as energy prices increased, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.
A Labor Department report showed the Consumer Price Index (CPI) rose 2.9 per cent on an annual basis in December 2024, the highest since last July
Annual inflation in the United States climbed to 2.9% in December 2024, marking its third consecutive monthly increase and aligning with market expectations. This steady rise, up from 2.7% in November,
The Federal Reserve cut interest rates by 25 basis points in its final meeting of the year. The Fed aims to bring inflation down to
The Labor Department said on Wednesday that inflation rose by 2.9% in December, up from 2.7% in November and the highest rate since July 2024. Biden went on to claim red states "screwed up" on ...
Americans can continue to expect high prices for eggs this year, new estimates show, due to the ongoing avian flu outbreak and inflation.
According to the latest data from the USDA, the number of birds affected by cases spiked over the last three months. That change is creating a shortage of chickens, and a lack of eggs as a result.
Fresh inflation data released this week brings one big question: Will the Federal Reserve keep interest rates steady at its upcoming meeting? The numbers suggest the central bank will hold off on further changes,
Egg prices continue to soar across the United States amid a supply shortage, as President Donald Trump faces pressure to fulfil his campaign pledge to bring down their cost. The Consumer Price Index shows egg prices are up 36.