Tag: Inflation

The Federal Reserve is taking control of the economy and attempting to squander inflation, but could it cause a recession? The consumer price index has risen by almost 8% since February of … more: Inflation: What does the Federal Reserve plan to do?

We all feel inflation in our wallets when we go to fill up our gas tanks. Some snack companies are reducing the amount of product to combat rising costs. Get up to … more: Inflation is affecting snacks too- these favorites are experiencing ‘shrinkflation’

If you're a resident in the Chicago area and have been suffering from the gas prices and inflation, you may be in luck. Chicago businessman Willie Wilson has decided to be … more: Gas Prices: Free gas available to some lucky Americans

Unemployment claims are currently sitting at the lowest they have been in 52 years, a great thing following the pandemic. The economy benefits greatly when it comes to low unemployment rates, and … more: Unemployment: Are rates for unemployment better or worse for March 2022?

One governor has announced that thousands of Americans may be in line soon for a direct stimulus payment worth $500. This announcement was made by Governor Tim Walz of Minnesota, who plans … more: Stimulus: $500 payments for thousands could go out soon

As Americans see the consequences of rapid inflation, many are upset to see it impacting their favorite coffee places, including Dunkin' Donuts. In response to rising costs of goods, Dunkin' Donuts has … more: Inflation: Dunkin’ Donuts raises prices 8%

Inflation will soar even higher after President Joe Biden signed lawmakers Omnibus spending bill into law this week. Lawmakers closed the earmark loophole during President Barrack Obama's administration. Earmarks gave lawmakers the … more: Inflation calculator: Earmarks return in omnibus spending bill as Americans prepare for recession

In 2022 the COLA increase was 5.9%, the highest in almost 40 years, but what might it be for 2023? That depends on inflation. The rate of inflation rose at a … more: COLA: Increase for 2023 may be 3.9%

Homeowners should soon expect a higher repayment as interest rates rise for the first time in three years, bringing them to .25%-.50%. The rate will likely hit 1.9% by the end of … more: Interest: Federal interest rate increases .50%

Inflation is a rise in the prices of goods and services over time. In other words, it represents a decrease in the purchasing power of money. Inflation happens when there is more … more: Why inflation is happening: Reasons prices are rising in 2022

Inflation is costing the average U.S. household an additional $296 per month. Moody’s Analytics analysis based this figure on the latest reading on consumer prices. Consumer prices rose 7.9% in February, … more: Inflation is costing American household budgets $296 more a month

People are experiencing higher prices at the gas pump, grocery store, and even in their utility bills. Inflation is starting to become an issue for Americans across the US. IRS: Tax refunds … more: Inflation is rising and its affecting millions of Americans

As inflation continues to plague the nation, it's not impacting all of the housing markets and increasing mortgage and rental rates. People who have purchased homes are locking their mortgage rates … more: Mortgage: Lock rates increase for February

Economic recovery in Upstate New York? As inflation hits all-time highs, the latest measurements of economic confidence show a gap between New Yorkers. New Yorkers feel a little better about the … more: Upstate New York concerned about economy as inflation pushes gas, food prices higher

Interest rates are expected to rise this year, and it will impact things like credit cards or mortgage rates. In March a meeting will determine whether interest rates will need to … more: Interest Rate: Expect a spike in 2022

In the last 7 months, inflation surpassed 5%, and for the month of December it has reached 7%. Many believe part of the issue is all of the stimulus payments and breaks the Biden … more: Inflation: 7% increase in December

Social Security recipients are getting bigger payments, but they may be lowered thanks to certain price increases. Americans who collect Social Security are excited to hear that they'll be getting a bigger … more: 5 increases that could lower COLA increase for Social Security payments

The American Rescue Act created a lot of programs and opportunity for struggling Americans to catch a break during a global pandemic. Some of these breaks included advanced monthly payments of the … more: There may be some huge bills that will surprise you in 2022, here’s how to prepare

As inflation continues to rise, federal officials foresee three interest rates rising for the year 2022. Nov. saw a new high of a 6.8% inflation rate. The good news is though, that … more: How will inflation impact Americans lives? One area is with employment