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The consumer price index released on January 15 — an important indicator of inflation that measures the prices average Americans pay for goods and services — showed consumer prices rising 0.2% ...
Brief history of U.S. inflation. High inflation was last a major problem during the 1970s and 1980s — reaching 12.2 percent in 1974 and 14.6 percent in 1980 — when the central bank didn’t ...
Applying a cost-of-living escalation COLA clause to a stream of periodic payments protects the real value of those payments and effectively transfers the risk of inflation from the payee to the payor, who must pay more each year to reflect the increases in prices. Thus, inflation indexation is often applied to pension payments, rents and other ...
There are different types of inflation that could affect your long-term savings and investments. One such type is called cost-push inflation, which happens when prices go up because production ...
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy.
What's going on with inflation and the economy? Inflation, or the rate at which prices for goods and services change over time, has cooled since it reached a 40-year peak of 9.1% in June 2022.
The debt service costs along with the higher total debt complicate Trump's efforts to renew his 2017 tax cuts, much of which are set to expire after next year. The higher debt from those tax cuts ...
Inflation causes plenty of financial challenges when your income and savings buy less because everything costs more. But there are some situations where inflation can actually help your finances. ...