By Tami Luhby, CNN New York CNN Business — Employers continued hiking wages to attract workers and hold on to existing staff during the third quarter. But the raises did not keep up with inflation — and the continued increase is unwelcome news for the Federal Reserve, since higher wages
By Allison Morrow, CNN Business New York CNN Business — No one expected the Federal Reserve to be able to smother inflation swiftly. But after seven months of rapidly rising interest rates, the central bank has hardly made a dent. Thursday’s look at the September consumer price data shows we’re
U.S. President Joe Biden arrives for the meeting of European Union (EU) leaders in Brussels, Belgium, March 24, 2022. (Shutterstock) By Liz Peek, The Hill President Biden wants Americans to know: Curbing inflation is his top, top, top priority. He recently penned an op-ed published in the Wall Street Journal
By Jeff Cox, CNBC Consumers grew a little more optimistic about inflation in April, though they still expect to be spending considerably more in the year ahead, a Federal Reserve survey released Monday shows. Inflation expectations over the next year fell to a median 6.3%, a 0.3 percentage-point decrease from
By Patti Domm, CNBC Consumer price inflation in March is expected to have spiked the most since December 1981, driven by higher food costs, rising rents and runaway energy prices. The consumer price index will be released Tuesday at 8:30 a.m. ET, and economists expect a monthly jump of 1.1%
By Talia Kaplan, FOX Business Former Heinz CEO Bill Johnson told “Cavuto: Coast to Coast” on Thursday he is “very” worried about inflation, noting that “we’re seeing pressures that we’ve never seen before even across the entire food chain.” Johnson noted that inflation is having a “huge impact” on “simple
By Megan Henney, FOX Business The International Monetary Fund warned on Tuesday that a recent inflation burst could prove longer lasting than expected, forcing central banks across the world to take action to address the rising cost of goods and services. “Aftershocks from the pandemic upheaval of last year pose
By Jessica Dickler, CNBC As the economy quickly picks up steam in the wake of the Covid pandemic, Americans expect inflation to jump in the months ahead. Overall, the expectation is that the inflation rate will be up to 4% one year from now — a new high for one-year-ahead
