The highest increase in four decades is in response to inflation. Social Security checks will be 8.7% higher beginning in January, the largest cost of living adjustment benefits…
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August Inflation Higher Than Expected
Food prices rising faster than other items. The Bureau of Economic Analysis released data on inflation for August which showed the personal consumption expenditure (PCE), excluding food and…
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Secretary Austin Pledges Care for Service Member Families
Releases memo and memorandum outlining effort details. Secretary of Defense Lloyd Austin published a memo last week, along with a memorandum issued by the Department of Defense, outlining…
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Federal Reserve Board Meets in Wyoming
Chairman Powell says efforts to reduce inflation will “bring some pain.” Members of the Federal Reserve have been meeting in Jackson Hole, Wyoming, and on Friday, Chairman Jerome…
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Appeals Court Vacates Block on Oil and Gas Leasing Pause
Executive order stands as district court addresses lack of specificity. In January 2021, President Joe Biden paused new leases for oil and gas extraction on federal land, in…
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Postal Rates to Increase for Holidays
USPS says the hike is temporary. The United States Postal Service filed a notice this week of a temporary price hike for this year’s peak holiday season, which…
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Average Price for Gasoline Below $4
Inflation expectations are also diminishing. On Thursday, AAA posted the national average price of a gallon of regular gas at $3.990, dropping under $4 for the first time…
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Inflation Eased Slightly in July
The costs of energy and gasoline declined. The Labor Department issued its Consumer Price Index measure for July on Wednesday that showed the pace of price increases slowing…
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Household Debt Tops $16 Trillion for First Time
Credit card balances grow to their highest level in 20 years. The New York Federal Reserve reported that household debt climbed past $16 trillion in the second quarter…
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Treasury Finds Gas Prices Improved with SPR Releases
Officials estimate fuel releases kept prices 20 to 40 cents lower. The Department of the Treasury released calculations this past week that estimate tapping into the Strategic Petroleum…
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