Inflation

Hotter-than-expected inflation could force the Federal Reserve to take a drastic step next month with a 100-basis point interest rate hike, according to Wall Street traders.

Social Security recipients could receive a cost-of-living adjustment of 8.6% in 2023 -- the result of scorching hot inflation that has quickly eroded retirees' purchasing power.

Fox News contributor Joe Concha ripped President Biden over claims that Russian President Vladimir Putin is the culprit behind soaring U.S. gas prices.

The New York Federal Reserve said Monday that Americans ramped up their inflation expectations in May, creating new challenges for the U.S. central bank as it tries to cool prices.

After 48 years, gas station owner Reynold Glady may have served his last customer, saying he can no longer go along with rising prices that surpassed $5 a gallon.

Inflation has hit a 41-year-high after climbing to 8.6% in June compared to 8.3% in the previous month as compared to the same time period in the previous year.

Economist Mohamed El-Erian on Sunday said that had the Federal Reserve acted earlier, it could have avoided most of the record high inflation currently effecting Americans.

President Biden said the war in Ukraine is responsible for the steep uptick in gas prices nationwide.

President Joe Biden blames U.S. gas prices on oil companies, like Exxon, who he said 'made more money than God this year.' The national average price of gas hovers around $5 per gallon.