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With his administration under fire as prices rise across the country, US President Joe Biden attempted to downplay data expected to show inflation rising in November

Biden On 'Tonight Show:' President Downplays Inflation Concerns, Touts Infrastructure Bill To Jimmy Fallon

President Joe Biden made his first appearance on a late-night television show since taking office.

November Saw Inflation Surge By 6.8%, Bringing It To 1982 Levels

Easing consumer inflation in the United States helped relieve concerns about the need for an increase in interest rates

Inflation in the U.S. set another somber record on Friday as consumer prices shot up to levels unseen since 1982, led by the growth in energy prices.

Why Won't Google Raise Worker Pay To Match Inflation?

Sports, 'Squid Game' and Alec Baldwin dominated Google searches this year

Google announced they won't be raising pay to match inflation citing company benefits and that they will raise wages based on performance.

US Federal Reserve Chair Jerome Powell pulled cash out of an investment fund in October 2020

As Fed Opens Up To Faster Taper, Speculation Rises That It Will Raise Rates Sooner Than Expected

The U.S Federal Reserve has signaled that it is likely to hasten the pace of its tapering off of its asset purchasing over inflation concerns. Now speculation is rising that an interest rate hike may be here sooner than expected.

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Snarls at American ports have exacerbated supply chain woes that are threatening to wreak havoc on the 2021 Christmas shopping season

US Consumer Sentiment Sags To Lowest In The Last Decade As Inflation Malaise Deepens

A survey found consumer sentiment at its lowest point since the aftermath of the Great Recession.

Groceries Are Getting More Expensive: General Mills To Raise Cereal Prices In 2022

General Mills has announced they will begin raising their prices beginning in mid-January.

US Retail Sales Up 1.7% Despite Americans' Pessimism About Rising Inflation

Americans may be concerned about rising prices, but that has not stopped them from continuing to do their holiday shopping.

Inflation Hits 30-Year High After CPI Shows 6.2% Price Hike

Inflation in the United States has defied expectations by hitting a three-decade high as prices for most basic goods registered hikes. In the most recent Consumer Price Index (CPI), prices were up by 6.2% in the last year, the highest increase since November 1990.

The New York Federal Reserve Bank's emergency interventions on money markets came as a sudden cash crunch drove up the cost of borrowing the money that banks need to replenish the reserves they hold at the central bank

American Household Debt Rises To All-Time High Of 15T In Third Quarter

The total household debt in the U.S. rose to $15 trillion. The Federal Reserve Bank of New York reported the information Tuesday.

Double digit increases in food and energy costs drove another record surge in annual US wholesale prices

Inflation Pushes Wholesales Prices Up 8.6%, Tying Highest Level On Record

Wholesale prices in the United States reached a historic high after rising 8.6% over the last year in a sign that ongoing supply chain problems are continuing to drive up inflation.

While the US economy is still short 7.6 million jobs compared to the pre-pandemic level, the hardest hit sectors are rehiring

As Unemployment Claims Drop, Labor Market Remains In Recovery Mode

The U.S. is seeing a continued decline in the initial unemployment claims, but there are still a number of signs that the labor market still has a way to go before it exits recovery mode.

The Federal Reserve's policy meeting this week will be closely followed as it prepares to taper its bond-buying programme, while traders will also be looking for clues about its plans for interest rates

US Economy: Federal Reserve Announces Start Of Asset Taper, Leaves Rates Untouched

The Federal Reserve announced that it would begin tapering its multibillion-dollar monthly asset purchases starting this month.

Investors are keeping a wary eye on the release of consumer inflation in the United States as a spike in prices raises the prospects of an interest rate hike as soon as next year

Personal Income Drops 1.0% In September, Fueling Inflation Fears

Personal income saw a 1.0% drop on Friday in the Department of Commerce's recently released Personal Consumption Expenditure (PCE) data. The overall PCE was higher by 4.4% in September, likely to add to fears of persistent inflation.

This Year’s Thanksgiving Dinner Just Got A Lot More Expensive

Food prices are up 3.7% so far in 2021, compared to a 20-year average of about 2.4%.

US Economy: Billionaire Investor Has Stern Warning About Inflation Dangers

“I really think there will be a crisis the way we are going, the way we are printing money, the way we are going into inflation," Icahn said.

Hundreds of truck drivers wait for dozens of ships to unload their containers in California as the White House announces that it will now work 24 hours a day in an attempt clear the backlog

US Industrial Output Drops In September Amid Ongoing Supply Chain Issues

U.S. industrial output for September fell by 1.3% in a sign that ongoing supply chain problems are continuing to choke manufacturers and take a toll on the economy.

Retail Sales Surge Beyond September Expectations

Consumer spending in September grew more than expected, defying predictions that squeezed supply chains would reduce the monthly total, according to the U.S. Census Bureau.

Inflation Drives Biggest Boost In Social Security Benefits In Almost Four Decades

This increase in benefits affects 70 million Americans who collect SSA and SSI benefits.

Rising gasoline prices are expected to continue while OPEC+ members debate an increase in production.

Consumer Price Index Spikes Again In September, Fueled By Rising Food, Energy Costs

Inflation has spiked again in September after food and energy prices’ rise outpaced declines in other goods categories.

The release of inflation data this week will be closely watched by investors as the Federal Reserve prepares to remove its ultra-loose monetary policy and considers lifting interest rates

Fed Officials Undeterred By Poor September Job Report, Signal Commitment To Taper Plans For November

The U.S. Federal Reserve has signaled that it remains on track to begin tapering off its asset purchase program in November despite a recent poor job report for September.

The United States has added millions of jobs in 2021 as vaccines allowed business to return to normal, but the fast-spreading Delta variant of Covid-19 has cut into the progress

Small Businesses See Dark Clouds For Economy As Inflation Eats Into Profits And New Taxes Loom

Small business owners are not particularly optimistic going into the final quarter of 2021, chalking their pessimism up to ongoing shortages, inflation and new taxes looming over the horizon.