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2 May 2024
Inflation
U.S. Inflation Reached 40-Year High in June
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jul 13, 2022
WASHINGTON (AP) — Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal...
Fed’s Rate Hike Raises Likelihood of Recession
by
PAUL WISEMAN, AP Economics Writer
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Jun 16, 2022
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it. Increasingly, it seems, doing...
Inflation Clears Way for Biggest Fed Hike in Years
by
CHRISTOPHER S. RUGABER, AP Economics Writer
-
Jun 15, 2022
WASHINGTON (AP) — The Federal Reserve is expected Wednesday afternoon to announce its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that the central bank is...
Inflation Hit New 40-Year High Last Month
by
CHRISTOPHER S. RUGABER, AP Economics Writer
-
Jun 10, 2022
WASHINGTON (AP) — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged...
Worry About Stagflation Begins to Grow
by
PAUL WISEMAN, AP Economics Writer
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Jun 8, 2022
WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed...
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