White House trying to ease pain caused by inflation as Americans grow more frustrated
In addition to gas prices, national prices on food and housing are up. The White House is trying to turn things around, as Americans grow increasingly frustrated.
inflation
Consumer News: Rising inflation squeezing some American families
Consumer News: Rising inflation forcing some American families to make tough choices
President Biden announces plan to ease pain caused by inflation
The latest government report shows inflation has cooled off slightly, from a record 8.5% last month to 8.3%, meaning consumer prices are rising less rapidly. The news does not necessarily mean economic relief is coming soon for the average American.
US inflation hit 8.3% last month but slows from 40-year high
Associated Press (AP)
Consumer prices jumped 8.3% from 12 months earlier. That was below the 8.5% year-over-year surge in March, which was the highest rate since 1981.
Fed raises key rate by a half-point in bid to tame inflation
By Christopher Rugaber (AP)
The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.
Consumer News: Wage increases outpaced by growing inflation, how rising gas prices for truckers impact consumers and more
Consumer News: Wage increases outpaced by growing inflation, how rising gas prices for truckers impact consumers and more.
The best money moves to make amid record inflation
Between the stock market’s ups and downs, along with record inflation on nearly everything consumers are paying for, Americans are feeling a sense of uncertain times. At times like this, it may be difficult to know what exactly is the safest thing to do with your money.
A key inflation gauge jumped 6.6% in March, most since 1982
By Christopher Rugaber
An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the economy.
Consumer News: The state’s latest unemployment insurance claims report, ways shoppers can save amid rising inflation
Consumer News: The state’s latest unemployment insurance claims report, ways shoppers can save amid rising inflation
President Biden unveils plan to lower gas prices as new report shows inflation at high not seen since the 80s
From the State House to the White House, President Joe Biden unveiled a new plan to help ease the pain at the pumps. This comes after a new report from the Bureau of Labor Statistics shows inflation at its highest level in more than 40 years. Rent, food, gas and energy bills are the primary drivers.
