Inflation
The latest on inflation in the United States. Inflation rates are measured by the assessment of the general price index of goods and wages. A low and steady inflation rate is considered desirable by economists for a healthy and stable economy.
Florida faces Social Security crisis as soaring inflation hits benefits
High inflation and lower Social Security benefits could weigh heavily on Florida retirees in the Miami-Fort Lauderdale area next year.
I quit stripping for a normal job. Now I might go back
I wanted to choose my mental health over money. But after quitting, I still felt stuck.
Florida housing market rocked by insurance crisis, inflation woes
The cost of housing is bound to increase in Florida as homeowners and homebuyers pay higher insurance fees as a result of the recent crisis.
Company defaults on $212 million loan after CEO warns of economic "suicide"
Economists have warned of a commercial real estate crash, and the Federal Reserve could raise interest rates twice more this year.
Homeowners hit with 90-year mortgages as interest rates surge
Payments made by borrowers with a variable-rate, fixed-payment mortgage are going more towards interest than the loan, meaning longer amortization periods.
Why Florida's inflation is now the worst in the U.S.
A growing population and competition in the housing market are driving up inflation in the Sunshine State.
Five ways Americans are cutting back spending to combat rising costs
Because of the higher cost of living, Americans are spending less on groceries, clothes, leisure activities, fuel and electricity.
How Donald Trump plans to fix the housing market
"We'll get the prices way down and then the interest rates down and then the home builders will start building again," Trump said.
Fed rate hike in July is likely for three reasons
Though inflation has dropped significantly in recent months, the Fed cannot start cutting interest rates, experts say.
Eric Adams called me a plantation owner for defending tenants
Every week, I meet New York City tenants who simply can no longer pay their rent.
Will there be a housing market crash? One key factor explained
Despite rising mortgage rates, the market has remained stable as low inventory fuels a supply shortage.
Grocery taxes face reckoning amid high inflation
A yearlong suspension of sales tax on groceries in Illinois recently came to an end. Are states turning their back on the promise to phase out grocery taxes?
Fact Check: Biden claims U.S. economy has world's highest growth rate
President Joe Biden, who coined the term Bidenomics at a speech in Chicago, lauded the U.S. recovery.
Conservatives mock "Bidenomics" for leaving Americans "worse off"
House Speaker Kevin McCarthy shared a redefined version of "Bidenomics" that reads "blind faith in government spending and regulations."
Fourth of July BBQs to be most expensive in Republican states
Consumers in some states will spend an average of 4 percent of their monthly income on a July 4th barbeque, new research data showed.
Woman's $800 Costco shop sparks fierce debate: 'Thanks, Joe Biden!'
Republican politician Stefani Lord argued with Twitter users over what items she purchased to get an $800 bill from Costco.
Struggling with credit card debt? So are millions of Americans
Americans owe nearly $1 trillion in credit card debt. A majority are worried about not being able to pay it back.
Trump wants to use Nixon's controversial strategy if he wins 2024 election
"The people control the money, not the president. We got away from monarchies for this very reason."
Housing market nightmare is about to get worse
Fed Chair Jerome Powell doesn't expect rate cuts for two years, which may create a market frenzy now during the popular summer selling season.
Lindsey Graham willing to push U.S. to default in support of Ukraine
"I'm not going to let us default, but I'm not going to destroy our military in the name of raising the debt," Graham said.
Do We Need To Destroy the Economy To Save It?
It is one thing for natural events to conspire to wreck an economy. It is another to intentionally slow one down.
Americans fear economic fallout of default even if they're tuning out
"It is the bad taste in people's mouths from spiking gas prices ... that's affecting Biden's approval rating," an economist told Newsweek.
Washington Has Forgotten How To Stabilize an Economy
Beginning with the Great Recession, Washington's discretionary fiscal policy took on a lead role in economic stabilization.
Fact Check: Did Janet Yellen claim U.S. Inflation was "transitory"?
House Speaker Kevin McCarthy took aim at the treasury secretary during a press conference addressing the debt ceiling.
Social Security benefits are being eroded under Joe Biden
Soaring inflation in recent years has "deeply weakened" the buying power of Social Security benefits, according to The Senior Citizens League.
How Marianne Williamson, RFK Jr. compare to Biden on 6 key issues
Democratic presidential candidates are taking opposing positions on issues including immigration, the Russia-Ukraine war and inflation.
Housing market could be thrown into disarray
Interest rate hikes triggered by a U.S. default "would literally crush the housing market in the U.S.," former FHA commissioner David Stevens told Newsweek.
Millions eligible to receive stimulus checks this month in these states
Some states are offering payments to residents to help them stay afloat as inflation stays high.
Florida's housing market is keeping Republican billionaire in California
PayPal co-founder Peter Thiel said monthly mortgage payments in Miami have quadrupled over the past three years.
One sentence missing from Fed statement puts focus on future interest rate
Fed Chair Jerome Powell said the "meaningful change" shows that the Fed is no longer anticipating future hikes, but he stopped short of pausing increases.
