Shortly after Biden took office in January 2021, inflation began to surge. The Covid-19 pandemic and the supply-chain crisis ...

And all this productivity is why wage growth keeps beating inflation, said Betsey Stevenson, a professor of economics at the ...

This contradicts months of claims from Jerome Powell who has insisted that price inflation was rapidly returning to the Fed's ...

Consumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept ...

Energy costs drove much of the increase, with gas prices up by 4.4 percent from November. Other factors contributing to the rise include continued increases in rent, higher used car prices, and rising ...