Americans gave less money to charity in 2023 for the second straight year, reversing years of increases as nagging inflation left small donors feeling pinched.… ( Read More )
Inflation in the U.K. falls to Bank of England’s 2% target rate for first time in nearly 3 years
LONDON (AP) — Inflation in the U.K. returned to the Bank of England’s target rate of 2% for the first time in nearly three years,… ( Read More )
Inflation cooled in May in sign that price pressures may be easing
WASHINGTON (AP) — Inflation in the United States eased last month in a hopeful sign that a pickup in prices that occurred early this year… ( Read More )
Inflation pressures remaining from pandemic are keeping Fed rate cuts on pause
WASHINGTON (AP) — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed… ( Read More )
Retail sales haven’t changed in April from March as inflation and interest rates curb spending
NEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt… ( Read More )
Home Depot’s sales soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot‘s sales continued to soften in the first quarter as the nation’s largest home improvement retailer was not only constrained by high mortgage rates… ( Read More )
Biden points finger at corporate greed as inflation climbs again
President Biden’s ever-changing explanation for rising inflation has shifted to the dual villains of corporate greed and “shrinkflation,” but economists say he is missing the… ( Read More )
European Central Bank maintains key interest rate at record. Inflation is down, so when will it cut?
FRANKFURT, Germany (AP) — The European Central Bank left its key interest rate at a record high as it waits for more confirmation that toxic… ( Read More )
Inflation is nearly back to 2%. Why isn’t the Federal Reserve ready to cut rates?
WASHINGTON — From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and… ( Read More )
Big Oil, automakers pump brakes on Trump pitch to gut Biden’s Inflation Reduction Act
Plans by former President Donald Trump to gut President Biden’s climate-and-spending law if he returns to the White House have made strange bedfellows of big… ( Read More )