Higher prices throughout much of 2022 have taken their financial toll on older adults in particular.
inflation
Posted inOp-eds, Opinion
Commentary: The Fed should take a break from interest rate hikes
The central bank may be well on its way to causing the next recession.
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Posted inBusiness, Nation & World, News
Fed raises key interest rate by half-point and signals more to come
Though lower than its previous three-quarter-point hikes, the latest move will further heighten the costs of many consumer and business loans and the risk of a recession.
Posted inBusiness, Nation & World, News
A slowdown in U.S. inflation eases some pressure on households
Gas and electricity prices have fallen, but grocery costs continue to be a sore spot.
Posted inBusiness, Nation & World
From chicken wings to used cars, inflation begins to ease its grip
The Fed has been raising interest rates sharply since March in a bid to get inflation back to its 2% price stability target.
Posted inBusiness
An inflation gauge tracked by the Fed slows to still-high 6%
Consumers spent more in October, even after adjusting for inflation, a sign of their continued willingness to keep spending in the face of high prices.
Posted inBusiness, Nation & World, News
Fed to keep rates higher for longer to cut inflation, chairman Powell says
Federal Reserve chief Chair Jerome Powell also signals that the Fed may increase its key interest rate by a smaller increment at its December meeting, only a half-point, after 4 straight three-quarter point hikes.
Posted inBusiness, Nation & World, News
Many people expect a recession. Could the economy avoid one?
Ever since the Fed started aggressively hiking interest rates in March, crucial pillars of the economy have stayed remarkably strong.
Posted inFood, Recipes, Vegan Kitchen
Even with inflation, eating vegan is still a bargain
Plus, the health benefits of not eating meat will save you more money – and buy you more time.
Posted inNation & World, News, Uncategorized
Inflation hovers over shoppers seeking deals on Black Friday
Shoppers were being more selective, selecting cheaper options, dipping more into savings and turning to “buy now, pay later” services that allow payment in installments.