Inflation picked up slightly in March as Americans saw their paychecks rise and kept up a sturdy pace of spending, according to data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, rose 0.3 percent in March and 2.7 percent over the past year. […]
Tag: inflation
Gas prices going up fast and will continue to
Budget-conscious motorists may want to fill up sooner rather than later, as prices at the pump are likely headed higher in the near term. The approach of the peak driving season and the annual switch by refineries to more costly summer gasolines has driven up the national average for unleaded to $3.63, according to AAA. […]
Is inflation ever going away?
The government announced Wednesday morning that inflation rose 0.4% in March, part of a 3.5% increase on an annual basis. The rise, which clearly means that inflation is not subsiding, took some big media outlets by surprise. The New York Times said the increase in prices was “unexpectedly sharp.” The Washington Post called it “hotter […]
USPS to raise stamp prices yet again
The U.S. Postal Service is seeking to increase the price of stamps this summer, asking that the price for first class stamps jump from 68 cents to 73 cents. The request for the 5 cent first class stamp increase was made to the Postal Regulatory Commission on Tuesday, which must approve the proposed increase. If […]
Inflation surges to 3.5% due to gas prices & rent
Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer. US consumer prices picked up again last month, vaulting to a 3.5% increase for the […]
Millennials believe parents should pay their rent
Faced with years of skyrocketing housing and renting prices, 50 percent of millennials think their parents should help them pay rent while they save money toward the eventual purchase of a home, a recent exclusive poll found. The poll, conducted by Redfield & Wilton Strategies between February 18-19 among a pool of 1,500 eligible voters […]
Voters concerned about immigration & inflation
Inflation and immigration are the top concerns among voters ahead of November’s general election, according to a new Harvard CAPS-Harris poll released on Monday. Thirty-six percent of voters said that immigration was the most important issue facing the country today, while 33 percent said the same about inflation and price increases. Thirty-eight percent of voters […]
How much $ do you need to live in a major city?
If you want to live comfortably in any of America’s largest cities, it will come at a high price, according to a new study. An individual must earn $96,500 a year before taxes to afford housing, groceries, transportation and entertainment, while also paying off debt and putting some money into savings, according to personal finance […]
Macy’s is closing 30% of it’s stores this year
Macy’s on Tuesday said it plans to close roughly 150 underperforming stores over the next three years, the struggling retailer’s latest effort to energize its business as it seeks to fend off a proposed takeover by activist investors. The department store chain said it plans to focus on expanding its luxury brands, Bloomingdale’s and Bluemercury. […]
Janet Yellen says high prices are here to stay
Inflation is coming down faster than most economists expected, but Americans hoping for a widespread drop in prices may be disappointed, according to Treasury Secretary Janet Yellen. While testifying before the Senate Banking Committee on Thursday, Yellen admitted that prices for most items are unlikely to return to where they were before the inflation crisis […]
Inflation hits Girl Scout cookies; thin mints $7
As if sticker shock in grocery stores hasn’t been enough, inflation has hit another consumer favorite: Girl Scout Cookies. Since Girl Scouts in New York started their annual cookie sales last week, customers have been paying $7 a box for favorites like Thin Mints, Samoas and Tagalongs, up from $5 last year. “It has been […]
Americans are pi*sed over rising property taxes
Americans are growing increasingly frustrated at property tax levels, a new poll has shown. According to a new UChicago Harris/AP-NORC poll, around two thirds of Americans surveyed believe their property tax rate is too high. The poll was conducted in 2023, between December 14 to 18, with 1,024 participants across all 50 states and the […]