😢 Federal Authorities Seek Solutions Amidst Inflation Surge.
Since March 2022, there has been a streak of 10 consecutive interest rate hikes. Several federal officials are uncertain about what to anticipate and how to respond to future hikes. Additionally, concerns have arisen regarding the state of the economy and the possibility of further bank closures in the future.
A recent Harris poll for The Guardian reveals widespread misconceptions about the U.S. economy. Most Americans (56%) believe the country is in a recession, but it's not
Planning a Memorial Day barbecue? Get ready to spend more than last year.
More than half of Americans believe the U.S. is in a recession, even though the GDP has been growing for several years.
The Federal Reserve Bank of New York is enhancing its supply chain data tracking with new "Supply Availability Indexes."
McDonald’s is launching a $5 Meal Deal in the U.S. to attract customers amid rising inflation.
Walmart’s recent success, driven by higher-income shoppers, might not last.
Say goodbye to free soda refills at McDonald's, a move that's stirring up more than just the ice in customers' cups.
Oil prices fluctuated within a tight range on Friday, as investors weighed mixed signals from the world's top oil consumers, China and the U.S. Brent crude slipped 13 cents to $83.75 per barrel, while West Texas Intermediate (WTI) fell 4 cents to $79.22.
McDonald's is reportedly gearing up to introduce a $5 meal deal, aiming to attract customers who felt priced out by recent hikes.
A recent survey by asset management firm Schroders revealed that only 4% of retirees feel they are "living the dream," while another 4% are "living the nightmare."
California's reputation for high living costs is well-known, but a recent report from Forbes Advisor highlights other areas across the United States that can put a strain on your wallet.
This shift comes as fast food joints across California, like McDonald's, Chick-fil-A, and Pizza Hut, have bumped their prices by about 10% since last September.
Across the United States, municipal governments are tightening their belts as the financial support from the pandemic era fades and inflation persists.
In 2023, the average monthly electricity bill for U.S. homes nudged up by 2% to $138, which was actually less dramatic compared to the overall inflation rate of 4.1%.
Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.
In recent years, Americans have adjusted their retirement savings targets significantly.
In April, U.S. consumer sentiment took a sharper downturn than expected, hitting 77.9 from March's 79.4, reflecting growing concerns over inflation which continues to influence the economic outlook.
In California, a significant new law has just kicked in, raising the minimum wage for fast-food workers to $20 an hour.
In the not-so-distant future, your ideal burger munching time might not align with your growling stomach.
In February, inflation spiked more than expected due to higher gas prices, yet slowed in other areas like food and housing, offering a silver lining.
Gold prices soared to a new record high on Friday, driven by reports of a rise in the U.S. unemployment rate.
A recent viral social media post sparked a lively discussion about the prices at Five Guys, a popular burger chain in America.
It's no secret that many Americans are grappling with credit card debt, with a Bankrate survey revealing that one in three adults had more credit card debt than savings in both 2023 and 2024.
In 2021 and 2022, as inflation surged, the Federal Reserve was criticized for delaying interest rate hikes, allowing prices to soar. Now, with inflation easing, there's concern the Fed might move too slowly to cut rates, risking a recession, some economists argue.
In January, the U.S. economy added a surprising 353,000 jobs, surpassing economists' predictions of 177,000.
Hidden inflationary costs are squeezing corporate profits, and it's not just the usual suspects like input and freight costs.
During the holiday season, online spending hit a record high, increasing by 4.9% year over year, totaling $222.1 billion, according to Adobe Analytics.
Developers of the proposed offshore wind farm near Long Beach, Long Island, announced the termination of the Empire Wind 2 project due to economic challenges - including inflation, increased interest rates, and supply chain disruptions.
Warren Buffett, the iconic investor and Chairman of Berkshire Hathaway, isn't shy about addressing the gaps between the rich and poor.