Hurricanes, supply chain issues, and natural gas shortage have contributed. Food prices are already up this year, in some areas as much as 30 percent, and now issues…
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2022 Social Security Benefits Getting a Boost
The increase is the largest in nearly four decades. Roughly 70 million Social Security beneficiaries will see a 5.9 percent increase in their payments beginning next year. The…
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Higher Inflation Creating Pressure on Consumers
President seeks help from the private sector. The Department of Labor reported this week that consumer prices increased solidly in September. Americans are now paying more for food,…
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Social Security Cost of Living Benefit Increased for 2022
5.9% increase aims to address rising inflation. The Social Security Administration announced on Wednesday that it would be increasing its cost of living adjustment (COLA) by 5.9% in…
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Consumer Confidence Hits Seven Month Low
Commerce Department issues report on inflation-adjusted spending. The Department of Commerce released a report that reflects U.S. consumer confidence dropping for the third straight month in a row,…
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Inflation Hits 30-Year High
Numbers are above the Federal Reserve’s target. According to data released Friday by the Bureau of Economic Analysis, inflation has hit the highest rate in 30 years, fueling…
Read MoreWhite House Increases Inflation Projections
Supply-chain disruptions put pressure on prices. The White House Office of Management and Budget more than doubled its forecast for annual inflation in new projections. They said it…
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Home Prices Highest in 30 Years
National index has average up 14.6%. U.S. home prices rose to a record high in the month of April, as buyers competed for a limited number of homes…
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Fed Official Expects Rate Hike Next Year
Inflation is running “hotter” than Federal Reserve had anticipated. The president of the St. Louis Federal Reserve Bank predicted an interest rate hike in late 2022, which is…
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Inflation Rose to 5 Percent in May
Supply chain and hiring challenges contribute to higher prices. A report released Thursday by the Department of Labor revealed that consumer prices increased 5 percent for the year…
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