inflation

A sign asking patrons to wear a mask is seen at the entrance of a restaurant in New York City on Aug. 3. The spread of the delta variant led to sharply slower economic growth in the July-to-September quarter.

Economy

How the economy went from sizzle to fizzle, and why there's hope for a way back

5:10pm October 28, 2021

by Scott Horsley

The U.S. economy slowed sharply in the third quarter as the delta variant and persistent supply chain woes weighed on growth. The months ahead should be better.

Skimpflation is giving you less for your money.

Meet Skimpflation: A Reason Inflation Is Worse Than The Government Says It Is

12:26pm October 26, 2021

by Greg Rosalsky

The economy is malfunctioning. We're spending more and getting less. The problem is bigger than just standard inflation.

Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing in Washington, D.C., on Sept. 30. Powell's term expires early next year, and President Biden must decide whether to reappoint him.

What's at stake as Biden decides whether to stick with Jerome Powell as Fed chief

11:29am October 18, 2021

by Scott Horsley

President Biden has a big decision to make: Whether to reappoint Jerome Powell to a second term as Federal Reserve chairman or choose someone else for one of the world's most powerful economic jobs.

The price of glass jars to hold pasta sauce and other products has soared during the pandemic. Sauce-maker Paul Guglielmo in Rochester, N.Y., has absorbed some of the increase, but he has also raised prices for consumers.

Economy

Cargo traffic jams affect glass bottles too. Your pantry staples could cost more

5:30pm October 13, 2021

by Scott Horsley

Makers of everything from pasta sauce to vinegar say it's getting harder to find glass bottles for their products, and it's leading to higher prices.

Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing in Washington, D.C., on July 15. The Fed issued new economic projections at the conclusion of its policy meeting on Wednesday.

The Fed Says Inflation Is Hotter Than Expected — But It Should Cool Next Year

4:55pm September 22, 2021

by Scott Horsley

The Federal Reserve is projecting higher inflation this year than it had previously forecast, but says prices will cool more next year.

Packages of beef cuts are displayed at a Costco store on May 24 in Novato, Calif. The prices of meats have surged, and the White House is partly blaming the handful of meatpackers that control the industry.

High Meat Prices Are Helping Fuel Inflation, And A Few Big Companies Are Being Blamed

9:58am September 14, 2021

by Scott Horsley

A larger White House campaign is targeting what it calls anti-competitive behavior in several industries, including meatpacking, in which over 80% of beef goes through just four companies.

Federal Reserve Board Chairman Jerome Powell testifies before a House Oversight and Reform Select subcommittee hearing in June. Powell said Friday the economic recovery continues, signaling it may soon be time for the central bank to start removing some

Economy

Powell Says It May Soon Be Time For The Fed To Start Reducing Its Big Economic Support

4:31pm August 27, 2021

by Scott Horsley

Federal Reserve Chairman Jerome Powell says the economy continues its recovery, hinting the central bank could dial back its extraordinary efforts to prop up the economy later this year.

Federal Reserve Chair Jerome Powell appears before the Senate Banking, Housing and Urban Affairs Committee in July. The Fed is facing a key decision of when to start withdrawing some of the stimulus it has provided to markets during the pandemic.

Economy

It's Called The Bond Taper. Yes, It's Geeky. But This Is Why You Should Know About It

6:38pm August 23, 2021

by David Gura

The Federal Reserve has provided massive support to markets through the pandemic. Now it faces a tricky decision: how to start removing some of that help without triggering a market sell-off.

A server delivers food to customers dining at a restaurant in Los Angeles on Aug. 7. Restaurants are boosting pay to attract workers, and that could have an impact on already-high inflation.

Economy

Wages Are Going Up — And So Is Inflation. Consumer Prices Have Hit A 13-Year High

8:59pm August 11, 2021

by Scott Horsley

Consumer prices rose 5.4% in July, compared to a year ago. Here's one thing to watch going forward: How rising wages impacts inflation.

Queue Listen Now

COVID-19 cases across the U.S. are rising in all 50 states as the delta variant of the coronavirus spreads. Here, a teenager receives a COVID-19 vaccine on July 16 at a mobile vaccine clinic hosted by Mothers in Action and operated by the Los Angeles Coun

Stocks Took A Hard Hit Over Delta Fears. Here Are 3 Things To Know

8:12pm July 19, 2021

by David Gura

What to know as markets dropped, sending the Dow Jones Industrial Average down more than 700 points to its worst fall since October.