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Air fares jumped 1.5% just last month and have risen 5.1% from a year earlier, while hotel room prices rose 0.5% from September to October. Restaurant prices moved up 0.3% in October and 3.6% from ...
That means that higher prices are ahead for consumers," wrote Andy Lipow of Lipow Oil Associates in a note to clients on Wednesday. "I expect further increases of another 10 to 15 cents per gallon ...
The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
In light of higher bills, let’s take a look at some simple ways to approach budgeting during this period of inflation and some painless ways to cut back on costs. Focus on Needs, Not Wants
Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged. According to minutes of the ...
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices.The yearly increase matched ...
Americans said they expected higher inflation over the longer run last month, as their expectations of credit turbulence rose to the highest level since April 2020, the Federal Reserve Bank of New ...
The Energy Department forecasts a 7.5% jump in electricity prices for 2022, which would be the largest jump since 2006. That may shock some families, given that Americans have gotten used to ...