Tag: inflation
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Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low.
The world economy will slow next year because of inflation, high rates and war, OECD says
The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates.
What’s pushing inflation down? More goods, workers and housing
Long past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rate hikes by the Federal Reserve.
Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says
An estimated 17 million households reported problems finding enough food in 2022 — a sharp jump from 2021 when boosted government aid helped ease the pandemic-induced economic shutdown.
Social Security benefits will increase by 3.2% in 2024 as inflation moderates
Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer prices.
