Trump claims he has ‘won’ against inflation — so why are prices still rising?
For the many shoppers facing tight budgets amid rising consumer prices, it seems like we’re in an era of hardship. This is particularly evident for millions of seniors and their families, who are finding that costs for essentials like medicine, baby formula, furniture, electronics, and food are climbing steeply. A recent survey indicates that over […]
Inflation leads to adjustments in tax brackets. Where do you stand?
The IRS has published the inflation-adjusted tax figures for 2026. These adjustments reflect an inflation rate of 2.7%, which is a bit lower than the current rate. This year’s budget changes enable taxpayers to claim a larger personal deduction. Ongoing inflation is pushing up the costs of essential goods and various services. This can actually […]
Powell: Fed faces ‘no safe route’ as unemployment and inflation increase
Fed Chairman Powell Highlights Economic Challenges Jerome Powell, the Chairman of the Federal Reserve, expressed concerns on Tuesday regarding the U.S. economy, stating that serious threats loom regardless of the central bank’s strategy for reducing interest rates. During his address, Powell pointed out the difficult balancing act the Fed faces as it navigates a weakening […]
Upcoming inflation report for 2026 Social Security cost-of-living adjustment to be released on October 24
The Bureau of Labor Statistics plans to unveil its significant inflation report this month. With the continuing government shutdown, access to essential data is becoming problematic for economists. It’s kind of a critical time for the economy, you know? Consumer price index figures for September are set to come out on October 24, which is […]
Obama criticizes Hispanic men for backing Trump due to worries about inflation.
Obama Discusses Hispanic Voter Support for Trump In a recent conversation with comedian Marc Maron, former President Barack Obama expressed his disappointment with Hispanic voters who are supporting President Donald Trump in the upcoming 2024 election due to inflation issues. This discussion was published on Monday. Obama reflected on the current climate, saying that both […]
US consumer confidence remains stable in October despite worries about inflation
Consumer Sentiment Remains Steady Amid Economic Concerns Michael Alone, the chief information officer at State Street Investment Management, discussed topics like consumer spending and defensive stocks recently on “Craman Countdown.” The broader economic picture in October shows little movement, though many Americans are anxious about job security and rising inflation, coinciding with the initiation of […]
Government shutdown won’t stop release of inflation report
BLS to Release Inflation Report Amid Government Shutdown The Bureau of Labor Statistics (BLS) announced on Friday that it will proceed with the release of its monthly inflation report, despite the ongoing government shutdown. Furloughed employees are being brought back for this task. Scheduled for release on October 24, the consumer price index (CPI) for […]
September inflation report to be released by Trump administration despite shutdown
The Trump administration plans to release an important inflation report later this month, despite having closed down the agency responsible for gathering essential economic data during the government shutdown. The U.S. Bureau of Labor Statistics (BLS) announced that the September Consumer Price Index (CPI) report will now be available on Friday, October 24, which is […]
A New Yorker’s Guide to Inflation Refunds
New York City Residents to Receive Inflation Refund Checks Around 3.53 million residents in New York City will be getting inflation refund checks of up to $400. Have you received yours yet? If not, read on. This initiative is a part of a statewide effort by Governor Kathy Hochul aimed at assisting mainly middle-class New […]
Harvard students miss classes yet still earn high grades because of grade inflation
Harvard Faculty Criticizes Student Engagement and Grade Inflation A group of faculty at Harvard University has expressed concerns over the level of student engagement on campus. Many students, they say, are not attending classes, ignoring reading assignments, and are generally disengaged from tough conversations, relying instead on grade inflation to graduate. The Classroom Social Compact […]