Inflation may be easing — but low-income people are still paying the steepest prices
The annual inflation rate eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.
inflation
Biden names combating inflation and rising costs as his top domestic priority
In an address from the White House Tuesday, President Biden contrasted his administration's plans to tackle rising costs with what he called Republicans' "ultra-MAGA" plan.
Florida approves 10 tax-free holidays for essentials like gas and diapers
This move comes as Americans are facing inflation and high gas prices.
The U.S. jobs market continues its strong comeback from the pandemic
U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.
The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes
Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.
The Fed raises interest rates by the most in over 20 years to fight inflation
The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.
4 things to know as the Fed embarks on its biggest fight against inflation in years
The Federal Reserve is expected to approve its largest interest rate hike in more than two decades this week. Additional rate increases are likely, as the Fed tries to regain control over inflation.
Why this economy may be sturdier than it looks
U.S. GDP shrank in the first few months of the year, but the economy may be sturdier than it looks.
Why there are growing fears the U.S. is headed to a recession
With inflation at a four-decade high, a growing number of forecasters worry the U.S. economy may be headed to a recession as the Fed gears up to raise interest rates aggressively.
HPU Poll surveys North Carolinians on gas prices, inflation
As gas prices rise at the pump, a new poll