inflation
WASHINGTON (AP) — The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes beginning in March 2022. Many Fed watchers have expected the […]
When living costs started soaring last summer as a reaction to a mismatch between supply and demand, many people thought rampant inflation would be fairly short-lived. Fast forward a year, and clearly, that hasn’t been the case. Inflation has been wreaking havoc on consumers since the start of 2022, and for some, the impact has […]
This story is part of Recession Help Desk, CNET’s coverage of how to make smart money moves in an uncertain economy. Student loan forgiveness is top of mind for most borrowers. But if you’re not eligible for President Biden’s recent student loan forgiveness plan or if you’ll still have a balance come January, inflation may […]
WASHINGTON — Since the pandemic broke out two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Ky. Now, they’re about to throw in the towel. In the past year, the costs of ingredients for their business, Art Eatables, have surged between 10% […]
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. With the UK’s cost of living crisis worsening, energy regulator Ofgem is proposing to adjust the price cap on bills twice as frequently, to address the volatility in the market. A day after British households were […]
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