Wholesale inflation climbs 11% in April, remaining near 40-year high
Wholesale prices on an annual basis cooled for the first time in months in April, even as inflation continued to hover near a 40-year high as a result of strong consumer demand, pandemic-related supply chain snarls and the Russian war in Ukraine.
America experiencing a 'great shift,' not a great resignation, argues economic expert
Milken Institute senior director Eugene Cornelius called on policymakers to address challenges facing the workforce like immigration, child care and the opioid epidemic.
What do a barrage of big Fed rate hikes mean for Americans' wallets?
Federal Reserve Chairman Jerome Powell last week solidified expectations for a half-percentage point rate hike at the central bank's May meeting as officials look to tame red-hot inflation, a move that could have major implications for millions of U.S. households.
Tax season 2022: Here's where Americans got the largest average refund
Some taxpayers receive significantly higher refunds after filing their returns, according to a new analysis of IRS data.
Inflation gave most Americans a 2.7% salary cut in March
The tightest labor market in years is fueling rapid wage gains for most workers – the only problem is that red-hot inflation is quickly eroding those increases.
California taxpayers would get $400 to offset gas price surge under new proposal
California Democrats have unveiled a new proposal that would send a $400 rebate to every taxpayer in the state to help offset the financial pain of surging gasoline prices.
Fed raises interest rates for first time in 3 years, projects 6 more hikes as inflation soars
The Federal Reserve on Wednesday announced it will raise rates for the first time since 2018, bringing to an end the ultra-easy monetary policy put in place two years ago to prop up the economy through the COVID-19 pandemic.