The most recent CPI numbers showed a slightly lower increase in inflation than anticipated. The Federal Reserve reduced the federal interest rate by .25 percent on Wednesday. Chairman…
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President Calls on Drug Makers to Reduce Prices Within 60 Days
Nearly half of prescription prices rose higher than the rate of inflation between 2022 and 2023. President Donald Trump sent letters to over a dozen pharmaceutical companies at…
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DOJ Sues California over Animal Welfare Law Potentially Affecting Egg Prices
Farm advocacy group requests investigation into potential price fixing by major egg producers. The Department of Justice (DOJ) filed a lawsuit this month against the state of California…
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President Signs Executive Order to Lower Prescription Drug Pricing
He said the U.S. will “no longer tolerate profiteering and price gouging from big pharma.” President Donald Trump signed an Executive Order on Monday to lower prescription drug…
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Labor Department Reports Consumer Prices Dropped in March
Falling gas and used car prices ease inflation. The Department of Labor reported that U.S. consumer prices declined slightly in March for the first time since 2020. The…
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Labor Department Releases December Inflation Data
The rate of inflation rose 0.4 percent last month bringing 2024’s annual total to 2.9 percent. The U.S. Labor Department announced inflation numbers for the month of December…
Read MoreFederal Reserve Cuts Interest Rates
It is the second consecutive rate cut since inflation has begun to flatten. The Federal Reserve met for its final meeting of 2024, opting to reduce banking interest…
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Treasury Secretary Expects Rent Costs to Go Down This Year
She says she regrets saying inflation was “transitory.” Secretary of the Treasury Janet Yellen shared this week that she believes rent prices will go down overall for the…
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Labor Department Reports Spike in Consumer and Housing Prices
Economists attribute increases to customary January surges. The Labor Department reported a spike in consumer prices in January, noting particular increases in food prices and rent prices. The…
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Labor Department Reports Inflation Fell in March
Still higher, at 5 percent, than the Federal Reserve target. The Bureau of Labor Statistics reported last week that inflation decreased one percentage point in March, ending at…
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