The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
Articles on US inflation
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The collapse of a US bank is the latest crisis for central banks to deal with. But rather than being saviours of the global economy, what if they are actually a big part of the problem?
The Fed has been trying to tame employment and wages to keep inflation in check. It ain’t working.
Teacher wages have risen little over the past few decades when adjusted for inflation.
The Fed lifted its benchmark interest rate just 0.25 percentage point following a series of much more aggressive rate hikes in 2022.
The US spent $232 billion paying interest on the national debt in the first quarter of 2023 as the Fed jacked up borrowing costs.
The rising cost of living doesn’t hit all Americans equally. Yet the benchmark figure for charting the rising cost of living excludes people in rural areas.
A drop in gas prices helped tame inflation in December 2022. But grocery prices and housing costs continued to rise.
Central banks are raising interest rates to tame inflation, but 2023 will increasingly turn a technical decision into a political challenge.
The cost of borrowing for a home has fallen in recent months, despite repeated increases of the benchmark interest rate. An economist explains the seeming paradox.
The Fed is waging war to get inflation down to its preferred level of around 2%. An economist explains what’s so special about that number.
Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
The Fed is also beginning to reduce its massive balance sheet, which is beginning to cause disruptions in the $24 trillion Treasury market.
Many voters say inflation is the issue that matters to them most as they head to the polls. The problem is, the people they choose can’t do much about it.
When we look at certain prices, we jump to conclusions about inflation rates that are not accurate.
Despite the highest inflation rates in 40 years, Apple chose not to raise prices on its gadgets. More bizarre, the consumer price index suggests smartphones are 20% cheaper than a year ago.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
Biden’s plan would provide up to $10,000 in relief for individuals who earn less than $125,000 a year, and $20,000 for Pell Grant recipients.
The Supreme Court’s decision to strike down the landmark Roe v Wade ruling on abortion is having big political ramifications - and favouring the Democrats.
About a third of American adults in Generation Z lack the money or resources needed for reliable access to nutritious food.
Top contributors
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Professor of Economics, University of Nebraska Omaha
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Assistant Professor of Economics, Clark University
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Professor of Political Science, Michigan State University
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Associate Teaching Professor of Finance, University of Notre Dame
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Associate Professor of Economics, Gonzaga University
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Associate Professor of Finance, Mississippi State University
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Associate Professor of Economics, Pace University
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Associate Professor of Finance, University of Nebraska Omaha
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Associate Professor of Business, Boston University
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Professor or Political Science, Department of Government, University of Essex
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Associate Professor of Economics, University of South Carolina
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Doctoral Candidate in Economics, University of California, San Diego
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Associate Professor of Finance, Texas State University
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Associate Professor of Economics, West Virginia University
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Professor of Finance, North Carolina State University