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Tag: inflation in the United States

Fed Nominees Back Inflation-Fighting Agenda

Fed Nominees Back Inflation-Fighting Agenda

Updated on 02/03/2022 06:24 pm Containing inflation in the United States, which is at its highest level in decades, must be a priority for the Federal Reserve (Fed), since people “suffer” by rapidly rising prices, said President Joe Biden’s nominees for the central bank’s Board of Governors. While the Fed has a dual mandate to […]

Consumer spending in the US affected by high inflation

Consumer spending in the US affected by high inflation

American consumers took a breather in November, a month after a sharp spike in spending over the Thanksgiving period, but that pause risks becoming longer if Americans slow down spending more amid the highest inflation in decades. and the omicron variant. Purchases of goods and services, adjusted for rising prices, showed little change after a […]

Transportation rates continue to drive inflation

Transportation rates continue to drive inflation

Updated on 12/21/2021 02:18 am From America’s high seas and rail yards to the nation’s highways and airports, inflationary pressures for shipping costs continue to mount. The latest government data on producer prices showed that the costs of transporting and storing goods for final demand soared more than 18% in November compared to the previous […]

Fed anticipates end of asset purchases and foresees three rate hikes in 2022

Fed anticipates end of asset purchases and foresees three rate hikes in 2022

The US Federal Reserve (Fed) announced on Wednesday that it will end its asset purchase program ahead of schedule, thus opening the door to three increases in its benchmark rate in 2022, with an eye toward fighting inflation. Inflation in the United States will be above expectations, at 5.3% in 2021 and 2.6% in 2022, […]

Argentines have advice for Americans affected by inflation

Argentines have advice for Americans affected by inflation

For many Americans, the sudden burst of inflation that has rocked the economy has been disorienting. Consumer prices have been so stable for so long in the United States that the population is a bit rusty with the basic tactics of the inflationary era. So for advice, we turned to people who have become experts […]

Inflation rate in the US reaches 6.8%, something not seen in almost 40 years

Inflation rate in the US reaches 6.8%, something not seen in almost 40 years

The interannual rate of inflation in the United States rose in November to 6.8% -six tenths above that of October-, which represents the highest record of consumer prices in this country in almost 40 years and redoubles the pressure on the Federal Reserve to take containment measures. Consumer prices rose eight tenths in a month, […]

High inflation in the US hits even those who help the poor

High inflation in the US hits even those who help the poor

High inflation in the United States, at highs not seen in 30 years, not only hits the poorest families and children in the country, but also the food banks that help them and who now fear they will not have enough to continue doing so. Rising prices endanger those who already have difficulty accessing food, […]

Consumer anger over inflation may emulate the 1970s

Consumer anger over inflation may emulate the 1970s

The latest US CPI report was a blow as inflation reached its highest level in three decades. But the University of Michigan consumer confidence survey released Friday is equally concerning for what it says about the impact of inflation on the economy. It is not clear how central banks should respond, as supply chain issues […]