Consumer Prices

The Consumer Price Index (CPI) reached its highest rate in over 40 years in May, adding more strain on U.S. household budgets.

The situation in the Russian economy is stabilizing, while the ruble’s exchange rate is returning to the levels of early February, President Vladimir Putin said at a meeting on economic issues on Monday.

Commercial traffic at a key U.S.-Mexico border crossing has reportedly ground to a halt after Mexican truckers blocked lanes to protest a new inspection policy from Texas Gov. Greg Abbott.

America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.

Investors expect the Federal Reserve to move much more aggressively with hiking interest rates in the coming months as inflation rises to multidecade highs.

Inflation may be hitting new 40-year highs, but less than a quarter of U.S. organizations say they are revising their salary budgets due to inflation.

Federal Reserve increases key benchmark rate by 25-basis points

A new poll from ABC News/Ipsos has found that only one percent of Americans would describe Joe Biden’s current American economy as “excellent.” In comparison, only 23 percent considered it “good,” according to a report from Breitbart News. Additionally, 75 percent of Americans polled chose to describe the economy as “poor.”

According to numbers released by the US government, consumer prices have increased by 7.5 percent in the past year, the steepest increase since 1982.

Consumer Price Index jumps 7.5%.