Here’s how much more you can expect to spend on back-to-school shopping amid sticky inflation
A new survey finds that costs on back-to-school shopping lists are expected to increase by 6% this fall due to persistent inflation, forcing some parents to make difficult decisions between saving on school supplies or cutting back on other discretionary spending. Parents of kindergarten through eighth grade students expect to spend an average of $333 […]
KFC, Pizza Hut sales slump as sticky inflation hampers parent Yum’s bottom line
Yum! Brands, the parent company of KFC and Pizza Hut, reported a larger-than-expected drop in same-store sales in the second quarter as high inflation led lower-income Americans to spend less on eating out. U.S. same-store sales for its Yum Fried Chicken (KFC) division fell 5% in the second quarter, down from a 7% decline in […]
Fed Should Cut Rates, ‘Inflation Is Down Pretty Close to Zero’
Speaking on CNN News Central on Monday, Rep. Adam Smith (D-Wash.) said the Fed needs to cut interest rates in response to the stock market crash. “Inflation is getting pretty close to zero. And now there are counter-pressures in the market and I think the Fed should and will respond,” he said. Co-host John Berman […]
Kamala Harris is ‘almost personally responsible’ for massive inflation numbers: Moore
Former Trump campaign senior economic adviser Steve Moore discusses the inflation numbers under the Biden administration, … source
Denny’s ‘Lumberjack Slam’ Platter Rises to $18 amid Inflation
Denny’s breakfast plates have apparently become prohibitively expensive due to inflation and rising labor costs. The Reddit post included an image of the restaurant’s menu, showing the Lumberjack Slam costing $17.99, New York Post report He noted Friday that 10 years ago, the meal would have cost around $5.99. Denny’s breakfast plate price rises from […]
Powell: Fed could cut rates 'as soon as' September if inflation, job market keep cooling
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank could cut interest rates “as early as” September if inflation and the job market continue to cool. After the Fed announced it would keep interest rates steady on Wednesday, Powell said it needed to see a combination of generally healthy economic data, along with […]
Federal Reserve keeps rates unchanged — hints at possible September cut as inflation moderates
The Federal Reserve said Wednesday it would keep interest rates on hold but signaled it could cut rates in September if inflation continues to fall toward its 2% target. The Federal Open Market Committee acknowledged that the economy is moving in the right direction, with job gains, unemployment and inflation trending down, but reiterated that […]
See where inflation is highest and lowest in the US
On “Varney & Co.”, Kevin O’Leary, chairman of O’Leary Ventures, responded to the Biden administration’s latest assertion that corporations are the cause of runaway inflation. Americans face widely differing inflation rates depending on where they live in the country, with the Northeast being a hotbed of stubborn price increases. The Labor Ministry said in early […]
US Olympians paying high price to compete through inflation: ‘It’s f—-d!’
Please subscribe to Fox News to access this content You’ve reached the maximum number of articles. To continue reading, please log in or create a free account. By entering your email address and pressing “Continue”, you agree to Fox News’ Terms of Use and Privacy Policy, including the Financial Incentive Notice. Please enter a valid […]
Republicans won’t ease inflation if they don’t cut spending
With House Republicans on a six-week recess, it’s a good time to look back on the worst Republican-controlled Congress in history. Even more ominously, they have refused to cut spending by a cent and have actually increased the budget from record levels during their term. Clearly, they have no appetite to cut spending even if […]