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Your July 4 BBQ Will Cost 20.9% More this Year

With inflation at a 41-year high, Americans are reeling from soaring prices. And now, brace yourself for a barbecue sticker shock this July 4. A new study finds that the cost of the summer cookout. ....

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Powell Tells Congress Fed 'Strongly Committed to Bring Down Inflation'

Just one week after the Federal Reserve raised interest rates by three-quarters of a percentage point, Chair Jerome Powell said that the Fed was strongly committed to bringing inflation down and. ....

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How Does Raising Interest Rates Help the Economy?

The Federal Reserve's decision this week to hike interest rates a whopping 75 basis points the first time that's happened in 28 years is intended to do one thing: Tamp down the highest inflation. ....

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Consumer Price Index: How Much Did Inflation Increase the Price of Bacon, Bread & Eggs in May?

Nothing beats a home-cooked meal. But affording one is getting harder by the month. See: May Inflation Reaches Highest Level Since 1981, Touches Every Sector of the EconomyFind: Consumer Price Index:. ....

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Yellen Says She Was Wrong About the 'Path That Inflation Would Take'

U.S. Treasury Secretary Janet Yellen conceded that she has been wrong about inflation and failed to anticipate how long it would last. Her comments come against the backdrop of soaring gas and food. ....

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