Annual inflation increased to a three-year peak of 4.2% in May, highlighting the impact of high energy prices on the US economy, as reported by the Bureau of Labour Statistics. Prices increased by 0.5% on a monthly basis, influenced by Read More …
Elevated petrol prices have contributed to a further increase in inflation last month, exacerbating the financial pressures faced by American households. A recent report released on Thursday indicates that savings rates among households have fallen to their lowest level in Read More …
Consumer sentiment has further deteriorated this month, hitting a new record low as the ongoing conflict in Iran persists, sustaining high energy prices. The University of Michigan’s latest consumer survey, released on Friday, indicated that sentiment declined early this month Read More …
Americans continue to express dissatisfaction with the economy, expressing concerns that the ongoing US-Israeli conflict with Iran will further exacerbate inflationary pressures. The University of Michigan’s final consumer sentiment reading for April stood at 49.8, reflecting a modest uptick from Read More …
A surge in gas prices, driven by conflict, contributed to a rise in US inflation to 3.3% in March, representing the quickest annual rate in almost two years, according to new data from the Bureau of Labor Statistics released on Read More …
The most severe global oil crisis in decades may pose a significant challenge for the Federal Reserve, as its policymakers convene this week to assess the forthcoming strategies for the US economy. President Donald Trump’s conflict with Iran has caused Read More …
