President Donald Trump reposted an op-ed supporting his administration and criticizing constituents for hyper-focusing on the increasing price of eggs.
President Donald Trump reposted an op-ed supporting his administration and criticizing constituents for hyper-focusing on the increasing price of eggs.
Federal Reserve Chair Jerome Powell told a Senate hearing this week that there is no rush to adjust its interest rate policy.
President Donald Trump threatened Thursday to implement reciprocal tariffs on all U.S. trading partners, acknowledging that the move could cause price increases amid reports of rising inflation.
The conservative newspaper questioned why Trump would call for lowering interest rates as inflation appears on the rise.
The Producer Price Index jumped 0.4% in January and 3.5% for the year.
The Consumer Price Index for January was released on Wednesday morning.
Thieves stole hundreds of eggs and groceries from Seattle's Luna Park Café in a heist amid the growing black market demand for eggs driven by soaring prices.
Despite Trump's campaign pledge to lower the cost of living immediately, the White House said there is no set timeline for when Americans will see relief.
Waffle House added a 50-cent per egg surcharge due to soaring prices from an ongoing avian flu outbreak.
Trump blamed the Federal Reserve for the "worst Inflation in the History of our Country" accusing the central bank of prioritizing DEI & climate over economics.
While inflation has normalized in recent months, large fiscal impulses and the looming specter of trade tariffs could potentially reassert inflationary pressures.
Some Democratic lawmakers have accused President Trump of failing to deliver on his campaign promise to lower grocery prices "immediately" after taking office.
Wall Street surged Wednesday in response to a second positive inflation report in as many days, sending the Dow Jones Industrial Average soaring more than 700 points and the S&P 500 to its its best day since November.
Gas prices saw a notable increase in December 2024, with the gasoline index rising 4.4%.
The recent outbreak of avian influenza is to blame for the shortage of eggs which experts say may not be resolved for months.
The December Consumer Price Index report came in nearly as expected by many analysts.
The Producer Price Index showed an overall gain of 0.2 percent in the final month of 2024.
World food commodity prices declined by 2.1 percent in 2024 compared to the previous year, the FAO said on Friday, but they remain considerably higher than before the Covid-19 pandemic.
While the federal minimum wage lags behind, more workers will see better pay as states mandate higher hourly pay.
The Container Store, which specializes in organizational and storage-related products, has filed for Chapter 11 bankruptcy protection as customers increasingly cut back on discretionary spending.
The inflation numbers came in lighter than expected which is encouraging to investors.
