The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.
Rising food and housing costs have hit the lowest-income Americans the hardest in recent years.
Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.
Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
The rise in hunger highlights what’s at stake in the sharp-edged choice Federal Reserve officials must make in the coming months.
Recent data from the Bureau of Labor Statistics shows the cost of living continues to outpace earnings, leaving many Americans struggling to make ends meet.
Rep. Alexandria Ocasio-Cortez (D-N.Y.) said amid fears of a trade war with Colombia on Sunday that President Trump “is all about making inflation WORSE for working class Americans, not better.”
Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.
Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.
At their last meeting in December, U.S. Federal Reserve officials were worried about inflation getting stuck above their 2% target and had watched job gains seesaw in what seemed an emerging decline.
As Trump began a second term, tech stocks led the market, driven by semiconductors' momentum and a surge in artificial intelligence investments.
Buying produce in season is another great way to save money. Seasonal fruits and vegetables are often priced lower due to their abundance. For instance, berries are more affordable in the summer, while root vegetables like sweet potatoes and squash tend to be less expensive in the fall.