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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Treasury Secretary Says Prices Are Not Coming Back Down 

She says that the economy continues to defy recession. During a speech in Boston in early January, Treasury Secretary Janet Yellen said inflation was cooling and that, in…

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Federal Reserve Expects to Cut Rates in New Year

Central bank officials kept the current rate steady in the final meeting of 2023. The Federal Reserve concluded its final quarterly meeting this month, holding interest rates steady…

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U.S. Security Official Meets with Argentinian Leaders

He discusses potential U.S. investment in the lithium-rich and inflation-ridden economy. Deputy National Security Advisor Mike Pyle of the National Security Council, met with Argentinian officials on Wednesday…

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Federal Reserve Keeps Interest Rate Unchanged 

They leave the door open for future rate hikes.  The Federal Reserve determined to keep its benchmark interest rate at about 5.4 percent this past week, the highest…

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Federal Reserve Chair Says Inflation Still Too High

The trend has slowed, but not enough. The Federal Reserve Chairman Jerome Powell said in comments to the Economic Club of New York that inflation remains too high…

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Federal Reserve Reports Top 1% of Americans Becoming Richer

Highest income generators now hold 26.5 percent of total household net worth. The Federal Reserve released income data for the month of June in late September, tracking a…

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Social Security and SSI to Increase Only 3.2% Next Year

The cost of living increase significantly less than the previous fiscal year. Social Security will increase their Supplemental Security Income (SSI) benefits by 3.2 percent for the 2024…

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President Meets with Company CEOs

The closed-door meeting covered the state of the economy and inflation. President Joe Biden held a closed-door meeting on Thursday with the leaders of prominent American companies, tapping…

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USPS Proposes Raising Stamp Prices to 68 Cents

Two-cent price hike to accommodate inflation would occur in January. The United States Postal Service (USPS) has proposed a two-cent price increase for first-class mail stamps, increasing their…

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