Here's the deflation breakdown for April 2024

cnbc.com Inflation is higher than policymakers would like across the broad U.S. economy. Yet, there are many sectors seeing the opposite dynamic: deflation. Deflation means prices…

Here's the inflation breakdown for April 2024

cnbc.com Inflation fell slightly in April as easing price pressures for groceries and other areas of consumer balance sheets were partially offset by higher gasoline prices and…

Credit card debt poised to smash another record high

foxbusiness.com Americans are racking up more as still-high inflation and steep interest rates continue to make the cost of everyday necessities more expensive. The New York Federal Reserve…

Inflation reduces buying power as $100 goes a lot less far these days

foxbusiness.com The amount of household staples Americans can buy for a $100 bill has been eroded by nearly one third over the past five years, according to data pointing to the pressure…

'Something could break': The Fed risks recession, bank failures if it doesn't cut rates soon, economist Mark Zandi says

finance.yahoo.com None The Fed risks "breaking" something in the economy if it delays rate cuts, according to Moody's Mark Zandi. • None Higher interest rates raise the odds of recession or…

The federal government can do more about home costs than you think

cbsnews.com The cost to buy a home has reached historic highs in the U.S. — the median price of a home is $420,800, according to the Federal Reserve Bank of St. Louis — and housing and…