Inflation rises faster than expected, pinching pocketbooks and spooking the markets
New inflation numbers out Friday show the nation’s economic pain has not peaked, and is still getting worse. The U.S. Labor Department reports consumer prices rose 8.6 percent in May from a year ago, marking the biggest increase in more…
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Americans struggle with the high cost of living amid record inflation
It’s clear that the realities many Americans face are vastly different from some of the economic indicators on paper. The burden of record-high inflation has continued to push the limits for people across the country. We hear from people who…
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How one Michigan family is trying to stay afloat amid historic inflation
Prices in the U.S. are climbing at their fastest rates in 40 years, up more than 8 percent from 2021. But for many families across the country that number is more than a data point. We take a look at…
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As the U.S. economy slows down, fears of a possible recession grow
The U.S. economy is showing troubling signs as the Commerce Department Thursday announced it shrank at an annual rate of 1.4 percent in the year’s first quarter, something that had not happened since the pandemic recession hit in 2020. Inflation…
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How the White House is trying to fight inflation and what it means politically
President Biden will travel to Portland and Seattle this week in his first visit to the Pacific Northwest as president. The White House says his visit will center on his efforts to address inflation as Americans see skyrocketing prices on…
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