The 12-month rate of inflation as of August 2026 is 3.4%, according to the Bureau of Labor Statistics (BLS). Energy inflation spiked to 16.9% as the status of the Strait of Hormuz remains uncertain.
Recent elevated inflation readings are "much more likely to be transitory this time" compared to the post-pandemic surge, according to Stephen Miran, Hudson Bay Capital senior strategist. The former ...
We're less than two months away from one of Social Security's most anticipated days: the announcement of the 2027 cost-of-living adjustment (COLA). On Oct. 14, Social Security recipients will learn ...
U.S. inflation held at 3.4% in August, keeping pressure on the Federal Reserve as officials consider hiking its interest rate.
When it comes to inflation, the Federal Reserve seems to be suffering from confirmation bias. No matter how many new clues keep challenging the Fed’s fundamental belief that today’s inflation is but a ...
WASHINGTON, April 10 (Reuters) - When surging U.S. inflation peaked in June of 2022, driven by rising prices for energy but also for food, shelter, vehicles, and a host of other items, Federal ...
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