U.S. Inflation

Stubbornly High Rents, Food Prices Boost U.S. Inflation in August

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.

U.S. Sending Ukraine Another $1.2 Billion Amid Domestic Economic Downturn

Joe Biden says he "informed President Zelenskyy that the United States is providing another $1 billion in security assistance for Ukraine."

Americans Think U.S. Economy Is More Important than Russia-Ukraine Conflict

51% of Americans say economy is bigger concern than Russia-Ukraine conflict.

WEF Speaker: Nations Need to ‘Accept’ the ‘Pain’ of Global Transition (Video)

"We need to accept that there will be some pain in the process," says Davos speaker.

Federal Reserve May Raise Interest Rate by 75 Points, Says Official

The U.S. central bank may hike interest rates by up to 75 points due to the high rate of inflation, according to James Bullard, president of the St. Louis Federal Reserve Bank who also added that he does not expect such an increase to occur right away.

U.S. Inflation Hits 8.5% Under Biden: Highest Since 1981

Gas prices rocket 48% in past 12 months.

U.S. Inflation Hits Record-Breaking 7.9% Under Biden Admin.

U.S. inflation soared 7.9% in past year, a record 40-year high.

Global Food Prices Have Increased by 20% Since Last Year

its report on worldwide food prices for February and found that prices hit a record high last month.

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