Economy - /contrib/economy

Drug-price negotiation and clean-energy rebates are set to lower costs for Americans over the next decade. But that relief won't be immediate.

Americans of all incomes would see their federal taxes rise under the climate and health care package that was negotiated last week between Senate Majority Leader Chuck Schumer and moderate Democratic Sen. Joe Manchin, according to data from the nonpartisan Joint Committee on Taxation. Federal

“The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hardline categories, apparel in Walmart U.S. is requiring more markdown dollars," Walmart CEO Doug McMillon in a statement

Just one month after inflation blew past

Consumer prices soared 9.1% compared with a year earlier, the U.S. government said, the biggest yearly increase since 1981.

On the final day of the NATO summit here on Thursday, US President Joe Biden says his administration will soon provide another USD 800 million in security assistance for Ukraine to fight Russia

America last President Joe Biden said Thursday that U.S. drivers will continue to pay record-high gas prices for "as long as it takes" to stop Russia's war in Ukraine, acknowledging that consumers are unlikely to see relief at the pump anytime soon.

The U.S. Federal Reserve's big interest rate hike on Wednesday -- and the expectation of more to come -- is aimed at bringing down 40-year high inflation topping 8% on an annual basis in recent months.

Retail sales unexpectedly dropped in May as consumers -- confronted with the hottest inflation since 1981 -- pulled back on spending.

Markets face another half-point rate hike this week and the prospect of sharper increases ahead when the Federal Reserve concludes its two-day policy-setting meeting Wednesday.

Americans are suffering sticker shock every time they go to the grocery store: They're coping with the biggest increase in food prices since 1979 — not to...

Inflation accelerated in May as U.S. consumers grapple with a surge in prices for gas, food, and shelter, data showed Friday.

Inflation in the U.S. hit a fresh 40-year high in May, with Americans paying significantly more money in a category crucial for their survival — food.

'I think I was wrong then about the path that inflation would take'

The national average for a gallon of gas is at a record $4.59 per gallon, and it could be about to hit $6, according to JPMorgan.

As with various radical academic "theories" going against common sense, Democrats have almost broken the U.S. economy with runaway inflation associated with MMT. The more money put into circulation the higher inflation will rise; it's not rock

Drivers nationwide can expect the highest gas prices the country has ever recorded, with average prices surpassing $4 in all 50 states and Washington, D.C., for the first time.

Gas prices just continue to rise, shooting up again overnight to another new record national average of $4.567 per gallon.

The nationwide average is more than $4.50 a gallon.

Stocks tanked as investors worried about inflation's impact on consumer spending.