Tag: inflation
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Elder care costs are outpacing inflation. Americans want a lifeline.
The costs of caring for ill and aging loved ones don’t show up on store shelves, but they’re front and center for voters like Sharon Zimmer. Zimmer, 65, of Onalaska, Wisconsin, has been caring for her husband, Chuck Zimmer, since he was diagnosed with Alzheimer’s and dementia in 2018. “Everything that we worked hard for…
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The Federal Reserve may have pretty much just hit its 2% inflation target
This week’s inflation data provided more evidence that the Federal Reserve is nearing its objective, fresh on the heels of the central bank’s dramatic interest rate cut just a few weeks ago. Consumer and producer price indexes for September both came in around expectations, showing that inflation is drifting down to the central bank’s 2%…
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Key Fed inflation gauge at 2.2% in August, lower than expected
Inflation moved closer to the Federal Reserve’s target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday. The personal consumption expenditures price index, a gauge the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation…