Inflation
Inflation is still soaring — but here’s why it’s less likely to hurt some retirees
Inflation has continued to rise, but some retirees won’t feel the brunt of many soaring costs, experts say. Annual inflation jumped by 9.1% in June, growing at the fastest pace since late 1981, the U.S. Department of Labor reported Wednesday. Higher prices have many worried, even those earning six figures. Some 65% of Americans making […]
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Inflation jumped by 9.1% in June, the fastest since 1981. How does your ‘personal inflation rate’ compare?
Grocery shopping in Rosemead, California on April 21, 2022. Frederic J. Brown | Afp | Getty Images Inflation jumped to a new 40-year high in June, the U.S. Bureau of Labor Statistics reported Wednesday. That means the prices Americans pay at the gas pump, grocery store and elsewhere have been rising much faster than normal this year. That […]
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4 things Costco CEO Craig Jelinek said in a rare interview on the economy, retail trends and more
The Investing Club breaks down CNBC’s interview with Costco CEO Craig Jelinek. Source
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Rate resets on 9.62% interest, taxes, inherited assets: Experts weigh in on 3 tricky questions about Series I bonds
The demand for Series I bonds, an inflation-protected and nearly risk-free asset, has skyrocketed as investors seek refuge from soaring prices and stock market volatility. While annual inflation rose by 8.6% in May — the highest rate in more than four decades, according to the U.S. Department of Labor — I bonds are currently paying […]
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Big payroll gains push recession fears into the corner — for now
A worker wearing a protective mask slices beef in the butcher section of a Stew Leonard’s supermarket in Paramus, New Jersey, on Tuesday, May 12, 2020. Angus Mordant | Bloomberg | Getty Images June’s big payroll jump helped clear away some of those recession clouds for a U.S. economy that nonetheless faces some stormy weather […]
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How are rising costs impacting your household? Here’s how to calculate your personal inflation rate
Skynesher | E+ | Getty Images It’s likely no surprise to hear that prices have been rising across the U.S. economy, whether at the grocery store or the gas pump. But just how much have your personal household costs increased, and how does that stack up against the average American’s? Calculating your personal inflation rate […]
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Fed officials Waller and Bullard back another big interest rate increase in July
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy, according to statements Thursday from two policymakers. Fed Governor Christopher Waller left little […]
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Goldman slashes GDP forecast for the second quarter to just barely above water
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Amid heightened concerns that a recession is looming, Goldman Sachs economists expect that the U.S. economy barely grew in the second quarter. The […]
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A self-made millionaire shares her top 18 ‘recession money rules’: ‘Don’t panic’ and ‘prepare to borrow’
Worried about what your financial situation will look like in a year — or even in a few months — from now? With all the concerns about economic growth, it’s reasonable to be worried about a potential recession. But the key is to start preparing now so that you’re in the best position with your […]
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Malaysia fuel subsidies offer some reprieve from inflation, says economist
Malaysia is in an “enviable” position because fuel subsidies have shielded households from higher oil prices, according to an economist. “Even though we’re seeing this acceleration in inflation, and we’re going to see higher inflation going forward, particularly into the second half … households have in some way been shielded because of these fuel subsidies,” […]
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