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News Articles: inflation

People shop in a Manhattan store on Oct. 26, 2022 in New York City. Inflation, in the form of higher prices for gas, food and other consumer goods is weighing on U.S. economic growth.

Tagged as: 

  • Economy

New GDP report shows an economic turnaround, but don't be fooled

Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.

October 27, 2022
|
By:
  • Scott Horsley
The man in black from the 1987 film, The Princess Bride, captures the same kind of hopeless dilemma many governments are facing, choosing between addressing inflation and addressing a possible coming recession.

Tagged as: 

  • Economy

Recession or Inflation? Governments around the world must pick their poison

Liz Truss' resignation as Prime Minister is being blamed on a faulty economic plan. But her fate should serve as a warning to other countries that may have to grapple with an inconceivable choice.

October 25, 2022
|
By:
  • Stacey Vanek Smith
A sign outside the Internal Revenue Service building in Washington, on May 4, 2021.

Tagged as: 

  • Economy

The IRS is increasing the standard deductions for 2023 as inflation intensifies

The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.

October 19, 2022
|
By:
  • Ayana Archie

Tagged as: 

  • Politics

Political Rewind: Looking at issues voters care about; Quinnipiac poll says Abrams and Kemp are tied

Thursday on Political Rewind: Our panel looks at polled responses in yesterday's poll from GPB News, the AJC, and the Georgia News Collaborative. Voters were asked about a variety of hot-button issues. Plus, a new poll from Quinnipiac says the governor's race is too close to call.

 

October 13, 2022
|
By:
  • Bill Nigut and
  • Chase McGee
Kevin Soyt, Robert Hamilton and Dave Bayer participate in a water aerobics class in the John Knox Village Continuing Care Retirement Community pool on Oct. 15, 2021 in Pompano Beach, Fla. The Social Security Administration announced the largest cost-of-living adjustment in decades: 8.7%.

Tagged as: 

  • Economy

High inflation leads to the biggest raise in Social Security in more than 40 years

Retirees and others who rely on Social Security will see a large boost in benefits next year, with the average benefit rising by $141 per month, as inflation stays above 8%.

October 13, 2022
|
By:
  • Scott Horsley
Federal Reserve Board Chairman Jerome Powell speaks during a news conference.

Tagged as: 

  • Economy

When your seatmate on the plane talks about the Fed, you know things aren't right

The woman next to me, who described herself as knowing "zero" about the economy, asked whether I thought the Federal Reserve would continue raising interest rates. I felt an acute sense of dread.

October 09, 2022
|
By:
  • Stacey Vanek Smith
A man walks past a "Now Hiring" sign in New York City on July 8, 2022. Signs that job growth cooled in September could help with uncomfortably high inflation.

Tagged as: 

  • Economy

Stocks sink despite Friday's report that hiring cooled in September

A new jobs report showed a modest slowdown in hiring last month that was not enough to soothe Wall Street's worries about inflation and the Fed. The unemployment rate edged down to 3.5%

October 07, 2022
|
By:
  • Scott Horsley
Traders work on the floor of the New York Stock Exchange (NYSE) on September 23, 2022 in New York City.

Tagged as: 

  • Business

A bad year for Wall Street gets even worse, as stock markets finish September down

Amid heightened uncertainty about the global economy, all three U.S. indexes are in a bear market as the third quarter comes to a close.

October 01, 2022
|
By:
  • David Gura
President Jimmy Carter signs an emergency natural gas legislation in the Oval Office of the White House in Washington, D.C., in 1977.

Tagged as: 

  • Economy

Memories of the 1970s haunt the Fed, pushing its aggressive rate moves

The Federal Reserve is cracking down hard on inflation, in hopes of avoiding a repeat of the 1970s, when price hikes were so sustained, they got baked in to people's thinking.

September 29, 2022
|
By:
  • Scott Horsley
Exchange rates are advertised outside a Bureau de Change on Monday in London. The British pound fell against the U.S. dollar, fluctuating between $1.03 and $1.07 Monday morning.

Tagged as: 

  • World

The British pound hit a record low over fears about income tax cuts and debt

The British pound sank to $1.03, before stabilizing slightly, as traders and investors react negatively to new government plans to cut taxes for highest earners and businesses and boosting borrowing.

September 26, 2022
|
By:
  • Willem Marx
Renovations continue on the Marriner S. Eccles Federal Reserve Board Building on September 19, 2022 in Washington, DC. The Federal Open Market Committee (FOMC) concluded its two-day meeting on interest rates this afternoon.

Tagged as: 

  • Economy

Fed orders another super-sized interest rate hike as it battles stubborn inflation

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.

September 21, 2022
|
By:
  • Scott Horsley
A spike in natural gas prices amid a hot summer is contributing to high electricity bills across the United States. Here, the sun sets behind electric power lines in Redondo Beach, Calif., on Aug. 31.

Tagged as: 

  • Business

Why your electricity bill is so high — and why your heating bill might be next

Natural gas prices are soaring in the U.S. and around the world — and they're expected to keep climbing through the winter.

September 17, 2022
|
By:
  • Arezou Rezvani
In happier times, Susan Morrison and her husband Calvin liked to vacation in their motor home. But they've had to park it this year because of the high cost of diesel fuel.

Tagged as: 

  • Economy

Americans are paying more and getting less as inflation hits home

Rising inflation has meant fewer restaurant meals, getaways and even doctor visits for many Americans, as nearly 4 in 10 say their family finances have gotten worse in the last year.

September 16, 2022
|
By:
  • Scott Horsley
Vehicles drive past a sign on the 110 Freeway warning of extreme heat and urging energy conservation during a heat wave in downtown Los Angeles on Sept. 2. Soaring electricity bills are pinching many household budgets across the country even as gasoline prices have come down.

Tagged as: 

  • Economy

Soaring electricity bills are the latest inflation flashpoint

Inflation eased slightly in August thanks to falling gasoline prices, but the cost of many essentials continues to climb, including soaring power bills that are straining family budgets.

September 13, 2022
|
By:
  • Scott Horsley
Abortion rights advocates and anti-abortion protesters demonstrate in front of the U.S. Supreme Court on Dec. 1, 2021. Heading in the 2022 midterm elections, abortion leads as the top issue for Democrats. For Republicans, it is inflation. For independents, inflation also tops and abortion ranks second.

Tagged as: 

  • Politics

Poll: Abortion and inflation collide as top issues in midterm elections

Democrats and many independents are motivated by the issue of abortion, while Republicans have the advantage on the economy, according to a new NPR/PBS NewsHour/Marist poll.

September 08, 2022
|
By:
  • Domenico Montanaro
  • Load More

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