McDonald’s employee gives change to a customer. Jeffrey Greenberg | UIG | Getty Images Some of America’s best-known companies say their consumers are suffering from inflation as prices continue to rise. For the past three years, inflation has dominated corporate America’s discourse after the pandemic loosened monetary policy and cost trillions of dollars in Covid…
People walking the streets of Montmartre, Paris, France on April 23, 2024. Photo only | Photo only | Getty Images According to flash figures published on Tuesday, price increases in the euro area remained stable at 2.4% in April, while the economy returned to growth in the first quarter. Headline inflation of 2.4% was in…
A crucial question hangs over the American economy and this fall’s presidential election: Why are consumer prices still rising uncomfortably quickly, even after a sustained campaign by the Federal Reserve to slow the economy by raising interest rates? Economists and policy experts have offered several explanations. Some are essentially idiosyncrasies of the current economic situation,…
A customer shops for groceries at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images The final inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is particularly good. Overall, Commerce Department indexes,…
Inflation showed little sign of abating in March, with a key barometer closely watched by the Federal Reserve showing price pressures remaining elevated. The price index of personal consumption expenditures excluding food and energy rose 2.8% in March from a year earlier, the same as in February, the Commerce Department reported Friday. That was above…
Joe Biden and Donald Trump 2024. Brendan Smialowski | Jon Cherry | Getty Images More voters trust Donald Trump than President Joe Biden to tackle inflation and the cost of living, their top concerns for the U.S., according to the latest NBC News poll. The poll of 1,000 registered voters nationwide found that 52% of…
Workers deliver drinks to a pub in the City of London, Britain, on Tuesday, April 16, 2024. Bloomberg | Bloomberg | Getty Images Inflation in the U.K. fell to 3.2% from 3.4% in March, the Office for National Statistics said on Wednesday, but a series of higher-than-expected numbers prompted investors to increase their bets on…
About 64 percent of Pennsylvanians who responded to a Quinnipiac poll in early January described their financial situation as excellent or good; 24 percent described it as “not so good” and only 9 percent described it as bad. But in the same survey, only 33 percent of Pennsylvania residents described the “state of the country’s…
A sign advertising rental units is displayed outside a building in Manhattan on April 11, 2024 in New York City. Spencer Platt | Getty Images Early data points to inflation trends in the first three months of 2024, and the news so far is, well, not good. Choose your poison. Regardless of whether it is…
Jamie Dimon, CEO and Chairman of JPMorgan Chase, gestures as he speaks during the U.S. Senate Committee on Banking, Housing and Urban Affairs’ hearing on oversight of Wall Street firms on Capitol Hill in Washington, U.S., December 6, 2023 . Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon warned Friday that several challenges, particularly…
