inflation

Fed Chair Jerome Powell Says He Doesn't Know If He's Causing A Recession

Powell spoke more candidly than before about the economic risks of hiking interest rates in order to reduce inflation.
By 

Driven By Consumers, U.S. Inflation Grows More Persistent

U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession.
By CHRISTOPHER RUGABER, AP

U.S. Inflation Falls For 2nd Straight Month On Lower Gas Costs

On a monthly basis, prices rose 0.1%, after a flat reading in July.
By Christopher Rugaber, AP

Inflation Might Be Easing, But Gear Up For What's To Come

Four economy experts explain the challenge facing the Fed in combating inflation and predict what’s next for the U.S. economy.
By 

Powell: Fed's Inflation Fight Could Bring 'Pain,' Job Losses

Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is determined to fight inflation with more sharp interest rate hikes, which will likely cause pain for Americans in the form of a weaker economy and job losses.
By CHRISTOPHER RUGABER, AP

Gas Prices Dip To Level Not Seen Since Early March

Falling prices for gas, airline tickets and clothes are giving consumers a bit of relief, although inflation is still close to a four-decade high.
By AP

Sen. Kyrsten Sinema Agrees To Vote For Inflation Reduction Act

The Arizona Democrat's support for the bill paves the way for its passage as soon as next week.
By 

Poll: Two-Thirds Of Voters Back New Democratic Economic Plan

A Democratic poll, exclusively obtained by HuffPost, shows the first numbers on the compromise between Senate Democrats Manchin and Schumer.
By 

Susan Collins: Democrats’ Climate Deal May Doom Bipartisan Efforts On Same-Sex Marriage

The GOP senator said the surprise move by Democrats could make it harder to convince fellow Republicans to get on board.
By 

U.S. Economy Shrinks For A 2nd Quarter, Raising Recession Fear

Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession.
By Paul Wiseman, AP