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.
Jeff Bezos Slammed Over Biden Inflation Tweet: 'Buyer's Remorse'
Jeff Bezos shared his tweet as Americans face crippling gas prices at the pumps.
Gas Station Unknowingly Filling Customers Tanks With Diesel Sparks Outrage
"As I was driving, I noticed the car felt like it didn't have power to go," said Dana Hallman, one of the customers who unknowingly filled their cars with diesel.
Are We in a Recession? What Experts Are Saying
Bill Adams, chief economist for Comerica Bank told Newsweek the "jury is still out" on whether there will be a recession as some analysts have predicted.
Video of Biden Adviser Defending 'Liberal World Order' Viewed Over 1M Times
Liberal world order refers to a "series of international organizations and agreements to promote global cooperation," according to the Council on Foreign Relations.
First-Time Homebuyers Will Have to Wait Years to Get a House, Experts Warn
"It's a pretty tough time to be a first time homebuyer now," Moody's Analytics Chief Economist Mark Zandi told Newsweek.
Biden Faces 3 Awkward Anniversaries of Things He Shouldn't Have Said
Last July, President Joe Biden made a series of inaccurate predictions on the pandemic, the U.S. withdrawal from Afghanistan and rising inflation.
Stimulus Check Update: New Mexicans to Receive More Payments Next Week
The Legislature and Governor Michelle Lujan Grisham approved rounds of rebates and economic relief this year.
'Miracle': Landlord Praised Over Rent Discount Amid Rising Cost of Living
"People pretty often forget that if you're just nice to people they'll also be nice back to you," commented one Reddit user.
Stimulus Check Update as One State Approves $500 Child Tax Credit
The legislation would give a refundable $500 tax credit for each child under the age of six for families earning up to $30,000 a year.
Gas Prices Are Being Lowered Across U.S. by Conservative Group
Libertarian advocacy group Americans for Prosperity is staging promotions at gas stations, at which the price of gas is lowered.
Which Foods on Your 4th of July Cookout Plate Are Most Costly
"The overall cost for the cookout is up 17% or about $10 from last year," the American Farm Bureau Federation said.
Biden Will Have to Admit the Economy Is in a Recession: Economist
Economist Peter Schiff said the economic turmoil in the U.S. is worse than what is being described, saying it will hurt much more than the Great Recession.
Inflation: Reagan and Trump vs. Carter and Biden
The difference in everyday pocketbook results is purely historic fact.
Democrats Have Forgotten the Working Class. It Will Cost Them in November
The values and priorities of the Democratic Party today are not reflective of the working-class families, such as my own, that supported it for years.
U.S. Could Be Facing Yearslong Economic Turmoil: Art Laffer
Former Reagan adviser Art Laffer spoke with Newsweek about the issues he sees plaguing the U.S. economy.
U.S. Is Already in a Recession: Billionaire Investor
ARK Invest CEO Cathie Wood said consumer sentiment, combined with supply chain problems, has already caused a recession.
House Prices Keep Rising Despite Fears of Market Crash
Home prices in the U.S. rose by 1.6 percent in April compared to the previous month, according to the FHFA.
Illinois To Waive Tax on Gas and Groceries in Bid To Lower Bills
The temporary initiatives are set to begin on July 1, with the grocery relief due to last for a year and the gas relief to remain in place for six months.
Gas Prices at Sheetz Drop for July 4 Weekend To 'Reduce Pain at Pumps'
The chain said it would offer Unleaded 88 gasoline for $3.99, more than 90 cents lower than the national average on Tuesday.
Stimulus Check Update as One State to Send out $1,050 Tax Rebate
Taxpayers will receive direct payments as part of a $17 billion "inflation relief" package to help offset the high price of gas and other goods.
Russian State TV Mocks Biden Over Oil Profits: 'Maybe He's Really Our Guy'
One panelist on Russian state TV touted the country's oil revenues while the American economy struggles with high inflation and gas prices.
How U.S. Can Ease Gas Prices, According to Banking Analysts
JP Morgan said that gas prices would not drop until the Biden administration tackled supply-side issues, which include a shortage of refining capacity.
High Oil and Gas Costs May Be Forever, Top Banker Warns
This week, former Bank of Canada Governor Stephen Poloz warned oil and gas prices may remain higher permanently and Canadians may have to adjust.
Crypto President Pushes for Government Regulation Amid Massive Losses
The lack of regulation has long been appealing to cryptocurrency investors, but now industry leaders are changing their tune.
Joe Biden's Oil Dispute—What We Do Know, What We Don't Know
With Americans facing high gas prices, President Joe Biden is placing the blame on oil companies for not increasing production.
U.S. in a 'Crisis' Over High Prices, Majority of Americans Say: Poll
More Americans view inflation as a "crisis" now than they did in April, according to a new poll.
Joe Biden Warned Gas Tax Holiday Threatens Jobs, Vital Infrastructure
A letter to the president warned that his $10 billion plan to suspend the levy for three months will impact the Highway Trust Fund.
House Pushes Extra $37 Billion in Defense to Combat China, Inflation
One lawmaker said he "wonders when we are just going to get the amendment to have a trillion-dollar defense budget because it seems that's where we are going."
Biden Pushes Electric Cars to Free U.S. From 'Menacing Dictator' Putin
During a speech calling for a federal gas tax holiday, the president made a push for clean energy.
U.S. Economy Could Be In Recession Within Weeks: Reagan Adviser
Noted economist Art Laffer said upcoming GDP numbers could show that the country is already in the grips of a recession.
