The numbers: Inflation in the U.S. rose sharply again in June and the increase over the past year remained at a 13-year high, raising the cost of living for consumers and casting a shadow over a strong economic recovery. The so-called PCE price index rose a sharp 0.5% in June, government figures show. It was
Executive optimism about the U.S. economy is soaring, according to new data from Deloitte, fueled by vaccine rollouts that are bolstering the recovery and helping to ease workplace restrictions. However, concerns about hiring and surging prices are bubbling beneath the surface, the survey revealed. Deloitte’s second quarter CFO Signals survey, which took over 100 of
A man moving boxes at a business in New York City, June 4. Photo: Spencer Platt/Getty Images By WSJ staff June 6, 2021 3:00 pm ET Inflation readings from China and the U.S. highlight this week’s round of economic data. Monday China’s imports are expected to surge in May due to rising commodity prices and
Every modern president has stretched the truth now and then, and the media loved to torch Trump nearly every other day for lying. But Biden’s routine misstatements about money and the economy seem to go unchallenged. In recent months, as the economy has slipped into a soft recession and with inflation at 9.1 percent the
The news on inflation has been bad for months, but it’s recently gotten worse. On Wednesday, the government reported that in June the Consumer Price Index rose at an annual rate of 9.1 percent — the fastest pace since November 1981. That horrendous news adds to the considerable pressure on the Federal Reserve to bring
GRAND ISLAND, Neb. (KSNB) – Inflation has caused people to become more aware of the security of their money. Everyday living and frequent purchases add up a little more than they use to, with the rise of gas and groceries prices. With the current inflation, many people are looking for ways to better their budget.