Inflation hits a 3-year high
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Wholesale inflation rose 6% in Apr., largest bump since 2022
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The modest 2.8 percent raise that Social Security recipients saw in their checks this January is already starting to feel like a memory. According to the latest data from the Bureau of Labor Statistics,
SOUTH BEND, Ind. (WNDU) - New statistics from the Bureau of Labor Statistics show inflation has surged to the highest level in almost three years, with wholesale business inflation rising 6% year-over-year in April. For the first time since April 2023, inflation is rising faster than wages.
The Iran war has pushed up gasoline, groceries and other prices for consumers.
The Senior Citizens League says inflation means a higher COLA for 2027 social security checks.
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master's in economics ...
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Fed's Warsh to face the highest inflation in three years
Eakin, President of the American Action Forum and former Director of the Congressional Budget Office joins Balance of Power to discuss the recent inflation data and how this will effect the Fed's rate decisions.
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Soaring inflation and plummeting economy test Iran's ability to withstand war and US blockade
Iran’s grip on the Strait of Hormuz is throttling the world’s energy supplies and inflicting global economic pain, but the struggles of the Islamic Republic's own economy are testing its ability to withstand the war and defy Washington’s demands.
The rise in gasoline, up 11% in the last month without seasonal adjustment, triggered by the Iran war, increases pressures in the week that marks the end of Jerome Powell's term. Inflation is once again at the center of political and economic debate in the United States.