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If you are someone who likes to plan ahead on your taxes, the IRS this week released the new inflation-adjusted income tax brackets and standard deduction amounts that will be in effect for tax ...
The inflation shock of 2021-22 will have a lasting impact on how low- and middle-income Americans spend money, economists say.
Inflation rates have dramatically fallen since they topped 9% in June 2022. The current annual inflation rate is 2.5%, the lowest it's been since February 2021. That's a significant drop; however,...
Inflation stands at its lowest level in more than three years, hovering right near the Federal Reserve’s target rate of 2%, U.S. Bureau of Labor Statistics data this week showed.
America’s inflation continued to slow in September, reaching a fresh three-and-a-half-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018, according to data ...
Aside from rent and car insurance, prices in most other categories are getting back to normal. In 21 of the 28 categories we track, inflation is lower than wage growth and also less than 3%.
In 2022, the US saw inflation spike to levels not seen in four decades, and the Federal Reserve was in the throes of a historic rate-hiking campaign to cool it back down.
Primarily driven by supply chain bottlenecks, inflation is a threat to the health of the economy, but the rise in prices has been good for some.