Breaking News: Economy

Biden wants credit for lower Thanksgiving food and travel prices, as inflation drags on his reelection campaign

Gathering around the Thanksgiving table will cost Americans less this Thursday than it did last year, and Democrats hope they’ll…

‘Funflation’ drives sporting event ticket prices up a whopping 25%

Dan Hornberger has been a fan of the National Football League’s Philadelphia Eagles for as long as he can remember.…

Fed gave no indication of possible rate cuts at last meeting, minutes show

Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation…

Geopolitical instability and a packed election calendar have strategists wary of 2024

Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew…

Fed’s Susan Collins says more rate hikes can’t be taken off the table yet

Despite recent encouraging signs on inflation, Boston Federal Reserve President Susan Collins said Friday that more interest rate hikes could…

Fed’s Mester wants ‘much more evidence’ that inflation has been defeated

Cleveland Federal Reserve President Loretta Mester said Thursday that this week’s news showing lower levels of inflation isn’t enough to…

Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020

Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation…

Here’s the inflation breakdown for October 2023 — in one chart

Inflation declined in October, continuing a broad slowdown as gasoline prices retreated during the month. However, price pressures remain under…