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WASHINGTON (AP) — Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases.
Melissa Williams says she did everything right. She has a college degree, a decent income working in accounting and no debt.
The Biden administration is announcing new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years.
WASHINGTON (AP) — The Biden administration is announcing new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years.
WASHINGTON (AP) — Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates.
Consumer prices held steady in May, helped by a drop in what drivers paid at the gas pump, the government said Wednesday in a bit of welcome news for the White House worried about inflation’s impact on President Joe Biden’s reelection bid.
Former President Donald J. Trump routinely blames President Biden for higher prices at the grocery store and everywhere else Americans shop, and promises to “fix it.”
Saudi Arabia and allied oil producing countries face a decision Sunday on whether to extend production cuts set to expire next month — a move that could push oil prices higher as the summer travel season increases demand for fuel and as the U.S. presidential election contest heats up.