Hike

U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday.

More than a thousand New York Times employees are refusing a company order to return to the office at least three days a week, citing inflationary pressures.

The Consumer Price Index (CPI), a key measure of inflation, increased by 8.3 percent in August compared to the same time last year and increased 0.1 percent from the previous month, the Bureau of Labor Statistics revealed on Tuesday.

Fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank works to ease decades-high inflation

The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession.

Many consumers are leaning on their credit cards more and more as the price of everyday goods continues to climb.

President Joe Biden promised on Thursday that the so-called “Inflation Reduction Act” wouldn’t raise taxes on Americans making less than $400,000 a year. But, in fact, the bill would increase taxes collected from the American people by more than half a trillion dollars, affecting both rich and poor alike.

Three out of 4 middle class households report falling behind the rising cost of living as inflation continues to soar, according to a new poll.

Buttigieg points out "benefit" of driving electric vehicles.

The reality of inflation and the specter of a recession appear to be weighing heavily on middle-class households.