Result Page 10 for Inflation news & latest pictures from ibtimes.com

A customer swipes a credit card at a gas pump at a Phillips 66 gas station in Centennial, Colorado June 26, 2006. The gasoline at the station comes from the nearby Suncor Energy refinery.

Gas Prices Keep Falling: How Low Will They Go? State-By-State Breakdown

Gas prices are falling across the U.S., but experts warn that it may not last.

Consumer Sentiment Still Low Despite Lower Gas Prices And Other Inflation Metrics

Price tags are pictured at a Ralphs grocery store in Pasadena, California U.S., December 1, 2016.

Inflation has started to stall and prices have started to go down, but consumers still report a lack of confidence in the economy.

US Inflation Eases Slightly To 8.5% In July As Fuel Prices Dip

With energy costs dropping in recent weeks, the CPI dipped to an annual rate of 8.5 percent in July

US inflation eased slightly in July, taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Biden just months before the midterm elections.

This Is Not the Inflation You Are Looking For: The Jedi ACA Expansion Mind Trick

A Jedi mind trick is in process to convince legislators that prescription drugs are a leading cause of inflation with a 1-2% annual prescription drug CPI increase compared to energy prices (41%), airline tickets (34%) and food (10%).

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Federal Reserve Board Chairman Jerome Powell attends a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., July 27, 2022.

US Economy: Amid Recession Concerns, The Fed's Focus Is ‘Bringing Inflation Down’

Neel Kashkari of the Federal Reserve Bank of Minneapolis said Sunday on "Face the Nation" that their focus is still on skyrocketing inflation even as a recession hits.

U.S. President Joe Biden listens as he receives an update on economic conditions from his advisors in the Eisenhower Executive Office Building's South Court Auditorium at the White House in Washington, U.S., July 28, 2022.

First Democrat In Congress Comes Out Against Joe Biden Running Again In 2024

Rep. Dean Phillips, D-Minn., has emerged as the first Democratic member of Congress to openly oppose President Joe Biden running for a second term.

The U.S. Federal Reserve Building is pictured in Washington, March 18, 2008.

Fed's Preferred Inflation Index Rose By 6.8% In Highest Annual Increase Since 1982

The Federal Reserve’s preferred inflation index jumped by 6.8% in June, marking the highest annual gain in four decades.

Will You Receive A Stimulus Check? 18 States Are Giving Inflation Relief Payments

Earlier this month, the Labor Department reported that the consumer price index rose 9.1% in June from the same month in 2021.

The US economy added more jobs in the first half of 2022 than in most full years since 200

Is The US In A Recession? GDP Shrinks By 0.9% In Q2 For Second Consecutive Drop

The U.S. economy declined by 0.9% in its gross domestic product (GDP) in Q2 2022, technically bringing the U.S. over the threshold of what constitutes a recession.

Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019.

Is A Recession Coming? Fed Acknowledges US Economy 'Softened,' Enacts Fourth Rate Hike Of 2022

The Federal Reserve announced that it will be raising interest rates by 0.75 percentage points and acknowledged that its strategy appeared to be causing economic conditions to soften.

U.S. President Joe Biden meets with Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Janet Yellen to talk about the economy in the Oval Office at the White House in Washington, D.C., U.S., May 31, 2022.

Democrats Want Jerome Powell To Slow Down With Interest Rates Or Risk Recession

As the Federal Reserve appears ready to institute another interest rate hike on Wednesday, Senate Democrats are worried that the Fed may throw the economy into a recession.

A man walks outside The Federal Reserve Bank of New York in New York City, U.S., October 12, 2021.

Consumer Confidence Declines For Third Straight Month As Americans Pare Back Spending Over Inflation

Consumer confidence in the United States has fallen for the third consecutive month as Americans continue to pare back spending amid high inflation and rising interest rates.

People look out of the window of a McDonald's restaurant as the towers of the Kremlin reflect in it in Moscow on January 30, 2020

McDonald's Sees Revenue Dip Over Ukraine War As Sales Climb Amid Higher Prices

McDonald's saw its revenue decline by 3% in the second quarter over the closure of its Russia-based restaurants amid the war in Ukraine. The company, however, saw sales rise by 9.7% despite inflationary pressures.

U.S. Treasury Secretary Janet Yellen speaks during a lunch meeting with women entrepreneurs in Seoul, South Korea, July 19, 2022. Lee Jin-man/Pool via REUTERS

GDP Drop Would Not Indicate A Recession, US Treasury Secretary Yellen

Treasury Secretary Janet Yellen said that a key indicator of recession may not apply to the current economic conditions.

Credit cards are pictured in a wallet in Washington, February 21, 2010.

20% Of Americans Reluctant To Check Credit Card Statements As Interest Rates Rise

A survey found that 20% Americans are reluctant to review their credit card statements as spending has rebounded.

Snap said its loss more than doubled in the recently ended quarter despite rising use of Snapchat

How Twitter And Snap's Weak Earnings Show Social Media's Struggles In A Changing Market

A weak pair of earnings reports by Twitter and Snap showcase how social media companies are struggling to adapt to a changing market.

Unemployment may have to rise sharply as the US Federal Reserve tries to slow the economy and choke off soaring inflation

Jobless Claims Reach Eight-Month High As Weekly Unemployment Numbers Top 250,000

Initial unemployment claims in the U.S. surged to an eight-month high in a sign that the labor market may be slowing down, adding to fears that a recession may be inevitable.

Goldman Sachs CEO David Michael Solomon saw his salary cut due to the 1MDB Malaysian bribery scandal

Is Inflation Here To Stay? Goldman Sachs CEO Issues Stark Warning

Goldman Sachs’ CEO David Solomon issued a stark warning that the world is at risk of seeing global inflation becoming entrenched for years to come if pressures on global economy are not eased.

Resilient American consumers continued to open their wallets to buy furniture, electronics and cars in June amid surging prices

Retail Spending Bounced Back In June Despite Record-High Inflation

Retail spending rebounded and increased by 1% despite inflation soaring to a four-decade high in June, but it may reflect higher prices more than increased spending by households.

An electronic board shows the negative moves of the market above the floor of the New York Stock Exchange June 29, 2015.

Wholesale Prices Hit 11.3%, Raising Concerns The Fed Will Bump Rates 1%

Prices for wholesale goods in the United States charged forward by 11.3% in June from the same time last year as inflation continues to surge back across the economy.

A U.S. dollar note is seen in this June 22, 2017 illustration photo.

US Inflation Sprinted Ahead By 9.1% In June As Prices Continue To Soar

Inflation raced ahead again in June to hit 9.1% in the last year, breaking yet another record and leaving analysts' expectations of lower inflation in the dust.

Gasoline prices at the pump have become a symbol of broader price rises in the United States

US Gas Prices Could Spike 50%, Oil Hit $150 If Russian Crude Cannot Be Replaced: Analyst

Russia is a major global producer of fossil fuels, and worries about the inability to find oil to replace its production amid already tight supply have put significant upward pressure on global prices.

A "Now hiring" sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, U.S., May 9, 2022.

US Economy 2022: Job Openings Sagged In May Even As Hiring Remained Strong

U.S. job openings shrank sharply in May by over 400,000 positions, but the overall hiring picture continues to show signs of strength.

Here's How To Get Half-off On Starbucks Cold Drinks In July

Starbuck is offering customers a chance to get half-off on select cold drinks on the menu throughout July. The move is a bid to stay ahead of any consumer pullback over inflation at the height of summer.