#inflation

#inflation

From 2020 to 2024, consumer prices for things like housing, groceries, energy, and everyday essentials climbed 21%, as measured by the consumer price index. During that same period, the average American worker's pay rose 18%, from about $64,000 to $75,600, according to figures from the Bureau of Labor Statistics.

The Bank of England is widely expected to keep interest rates on hold this week after inflation rose for the first time in five months, although markets believe the door remains open to a cut later in the spring. Analysts expect the Bank's Monetary Policy Committee (MPC) to vote to maintain the base rate at 3.75 per cent when it announces its decision on Thursday.

If something sounds too good to be true, a realist would suggest that's because it might be. When President Trump promised on the campaign trail to "end inflation," it might have been one of those moments. Economists may have been surprised by the campaign pledge because low, stable inflation is a symptom of a healthy economy. When consumers can expect relative price rises, they can plan their spending and saving accordingly, while businesses can also reasonably budget for increased costs.

Bitcoin hovered near $89,000 on Wednesday as the Federal Reserve opted to hold interest rates steady, pausing its rate-cutting cycle and striking a notably calmer tone on inflation and the labor market. The bitcoin price traded above $90,000 earlier in the session before slipping to around $89,500 as Federal Reserve Chair Jerome Powell spoke at his post-meeting press conference. The move came after the Fed announced it would keep its benchmark federal funds rate unchanged at a range of 3.5% to 3.75%,

First, she said that $2 million isn't nearly enough to retire early on. She then went on to say that it might take a good $5 to $10 million to retire early without financial worries. Yep, you read that correctly. Are you shocked? Well, maybe you shouldn't be. In the past few years, we've seen inflation drive living costs up dramatically. And it's hard to predict how much havoc inflation will continue to wreak.

Markets were closed on Monday for Martin Luther King Jr. Day, compressing the week's activity into four sessions. Early in the week, stocks fell sharply after renewed concerns about a potential global trade conflict. Investor sentiment weakened following comments from President Donald Trump about imposing tariffs on certain European nations in connection with negotiations over Greenland. However, midweek optimism returned when the president signalled a softer stance and postponed the planned tariffs.

Trump opened the briefing with a lengthy, rambling weave that included attacking Don Lemon, raging about migrants, riffing on the killing of Renee Good, and narrowly escaping the clutches of a nasty binder clip. He spoke for almost an hour-and-a-half before finally taking questions. The presser encompassed several editions of CNN News Central, during which anchors tossed to Dale no less than three times as he racked up a tally of over 17 falsehoods:

A 72-count box of store-brand K-Cups is almost $30. A 64-ounce bottle of coffee creamer is almost $8. A 4-pound bag of sugar (shrinkflation; it used to be 5 pounds) is almost $10. These aren't luxuries.

Nathan's Famous, which opened as a 5-cent hot dog stand in Coney Island more than a century ago, has been sold to packaged meat giant Smithfield Foods in an all-cash $450 million deal, the companies announced Wednesday. Smithfield, which has held rights to produce and sell Nathan's products in the U.S. and Canada and at Sam's Clubs in Mexico since 2014, will acquire all of Nathan's outstanding shares for $102 each.

Certain folks would like to tell you that inflation is cured. And in some ways, if you track inflation by the Consumer Price Index, there is some truth to the thesis that the cost of living has returned to its normal, modestly upward path. Ponder a California inflation index from my trusty spreadsheet, which averaged four decades' worth of annual changes in regional price indexes for Los Angeles-Orange County, San Diego and San Francisco.

The US dollar remained in a consolidation phase on Thursday, holding close to multi-week highs. Inflation data released on Wednesday painted a broadly stable picture. Producer prices increased moderately on the month. Taken together with earlier CPI data, inflation trends appear neither re-accelerating nor cooling decisively. Retail sales provided a contrasting signal, rebounding strongly in November. Improved consumer spending, suggesting household demand remains relatively healthy, limiting immediate downside risks to growth.

The mounting unrest comes as Tehran's piecemeal efforts to address an economic crisis have done little to appease Iranians. Since protests began late last month, the government has offered words of sympathy, fired the central bank's chief, and announced plans to provide most people with a monthly payment of about 1 million Iranian tomans-equivalent to $7. Instead of spending $10 billion annually to subsidize imports, that money will instead go directly to 80 million Iranians in the form of credit to buy certain goods.