Rapidly increasing gas prices propelled the Federal Reserve’s favored inflation measure to 3.5% in March, marking its highest level in nearly three years, according to new data released on Thursday. The Personal Consumption Expenditures price index increased by 0.7% from 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 …
In March, Americans experienced significant reductions in their disposable income due to rising gas prices; nevertheless, they retained sufficient funds to allocate towards other expenditures. A surge in gas prices due to conflict propelled US retail sales up by 1.7% Read More …
Consumer sentiment has fallen to its lowest recorded level, driven by dissatisfaction over price increases stemming from the US-Israeli conflict with Iran. The University of Michigan’s latest consumer survey, released on Friday, indicated a decline in sentiment of 11% early 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 …
In the face of persistent, budget-busting inflation over the years, there was a notable positive: For the last 34 months, average wages have been increasing at a rate that outpaces price growth. That is anticipated to shift – in the Read More …
President Donald Trump made an ALL-CAPS reversal on Iran strikes Monday morning. That sent oil prices plunging. Sadly, your gas prices aren’t about to follow suit. The average price of US gas is closing in on $4 a gallon, and Read More …
Motorists seeking respite from rising fuel costs are unlikely to receive assistance from their state amidst the ongoing surge in gasoline prices. In the wake of Russia’s invasion of Ukraine, which led to a significant surge in gas prices in Read More …