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SMBs Face Inflation Troubles, As Consumers Reduce Spending by Laurie Sullivan , Staff Writer @lauriesullivan, September 17, 2024 Holidays have become the most stressful time of the year for small and medium-sized businesses, not just consumers. Pressures around inflation and the state of the economy are causing concern for small business owners ahead of the upcoming … Continue reading SMBs Face Inflation Troubles, As Consumers Reduce Spending
August 31, 2024 Fed’s favored inflation indicator shows price increases remained low in July Friday’s figures underscore that inflation is steadily fading in the U.S. after three painful years of surging prices having hammered many families’ finances. BY Associated Press An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend … Continue reading Fed’s favored inflation indicator shows price increases remained low in July
August 23, 2024 $7 footlong: Subway joins McDonald’s in offering meal deals as fast-food menu inflation comes under fire The days of the $5 footlong may be long gone, but growing consumer backlash has led the sandwich chain to enter the value wars. BY Sarah Bregel The fast-food wars continue to drive deals for hungry, discount-seeking … Continue reading $7 footlong: Subway joins McDonald’s in offering meal deals as fast food menu inflation comes under fire
August 15, 2024 Harris plans to ban grocery price gouging as inflation cools Year-over-year inflation has reached its lowest level in more than three years, but food prices are 21% above where they were three years ago. BY Associated Press Vice President Kamala Harris is zeroing in on high food prices as her campaign previews an … Continue reading Harris plans to ban grocery price gouging as inflation cools
August 14, 2024 Inflation just hit a key milestone. Here’s what that means for your bank account Don’t expect sky-high grocery prices to come down—but the news could signal financial relief for consumers in other ways. BY Anna-Louise Jackson It’s not just the temperatures that are starting to cool—after about two years of red-hot price … Continue reading Inflation just hit a key milestone. Here’s what that means for your bank account
July 11, 2024 Inflation cools for the fourth straight month, paving the way for interest rate cuts The latest inflation readings will likely help convince the Fed’s policymakers that inflation is returning to its 2% target. BY Associated Press Inflation in the United States cooled in June for a third straight month, a sign that the … Continue reading Inflation cools for the fourth straight month, paving the way for interest rate cuts
June 25, 2024 Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says The BIS cautioned that AI also introduces risks, such as new types of cyber attacks, and may amplify existing ones, such as herding, bank runs and financial asset fire sales. BY Reuters Central banks should embrace the benefits of artificial … Continue reading Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says
May 13, 2024 Will inflation meet the 2% target? The Fed needs more time to figure it out Jerome Powell said that the Fed was not yet confident that inflation was returning to its 2% target. BY Associated Press The sharp interest rate hikes of the past two years will likely take longer than previously expected … Continue reading Will inflation meet the 2% target? The Fed needs more time to figure it out
April 26, 2024 The Fed’s preferred inflation gauge jumps 2.7% in March, diminishing hopes for interest rate cuts The Fed is unlikely to cut interest rates. BY Associated Press A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and … Continue reading The Fed’s preferred inflation gauge jumps 2.7% in March, diminishing hopes for interest rate cuts
April 24, 2024 Auto insurance rates are up 22% from a year ago—and are fueling inflation Auto insurance rates rose 2.6% in March and are up 22% from a year ago. BY Associated Press Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up … Continue reading Auto insurance rates are up 22% from a year ago—and are fueling inflation
