Federal Reserve Governor Christopher Waller said Tuesday he's growing more confident that policy is in a place now to bring inflation back under control.There was nothing in Waller's prepared remarks for a speech in Washington, D.C., that suggests he's contemplating cutting interest rates,...
A customer holds a fuel nozzle at a Shell gas station in Hercules, California, U.S., on Wednesday, June 22, 2022. President Joe Biden called on Congress to suspend the federal gasoline tax, a largely symbolic move by an embattled president running out of...
The Federal Reserve's campaign to squash inflation is a long-term win for the U.S. economy, but investors in companies such as Walmart are paying the price now, CNBC's Jim Cramer said Thursday.The U.S. retail behemoth, along with cybersecurity firm Palo Alto Networks and...
Cleveland Federal Reserve President Loretta Mester said Thursday that this week's news showing lower levels of inflation isn't enough to convince her that the central bank has won its battle against higher prices."We're making progress on inflation, discernible progress. We need to see...
By the end of the 1970s inflation was out of control.
The New York Times wrote a front-page story where they interviewed a bunch of normal people to see how inflation was impacting their lives.
By that point CPI was up a cumulative 73% in...
Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy.The consumer price index, which measures a broad basket of commonly used goods and services, increased 3.2% from a...
