Inflation will be slow to fall. While the cost of goods has ebbed, a persistent rise in prices of services is keeping inflation high, economists say.
Author: Medora Lee, USA TODAY
$15 an hour isn’t enough. Job seekers want at least $20, making inflation fight harder
Job seekers increasingly are looking for $20, not $15, an hour work. This could keep inflation hot and make the Fed’s inflation fight even tougher.
Your federal student debt repayments are resuming: Don’t get surprised, prepare now
Student loan repayments will resume in the new year, but now is the time to prepare, especially with the economy looking shaky and inflation soaring.
Biden to shrink discretionary income: What is it? Why it matters in student loan repayment
To offer future student borrowers relief, Biden plans to cut their discretionary income. How does he plan to do that and how will that help?
Biden student loan plan
What to know
‘Quiet quitting’ trend may lead to layoffs, and complicate the Fed’s inflation fight
Quiet quitters hurt productivity, complicating the Fed’s plan to rein in prices and maintain a strong labor market.
Christmas is right around the corner. Here’s how inflation could affect holiday shopping.
Back-to-school shopping is over, but holiday shopping’s just starting. Shelves should be fuller but mostly with lower-priced items as inflation bites.
How much should credit card processing fees be? A new bill says not so high
Retailers and payment processors go to war over whether a bill aiming to curb how much retailers pay to process credit cards would help consumers.
Next Fed rate hike size may be based on soaring ‘core’ costs, not food and energy prices
Overall consumer inflation probably eased in July, but the core rate likely rose. That may mean another big Fed rate hike ahead.
Rent’s the new gas: Surging rental prices become a top inflation worry. Who’s hit hardest?
Consumers can’t get a break. Just as gas prices are easing, ongoing rent increases are taking over in pinching consumer budgets.