Browsing: Inflation

More Americans believe former President Trump is better at handling the economy and inflation than President Biden, according to a new poll from ABC News/Ipsos.

Thailand’s inflation rate rose by 0.9% in April, marking the first increase in seven months, with expectations for the inflation rate to rise in the second quarter…

The US economy grew less than 2 percent in the first quarter for the first time in over a year and a half, based on a new government report released Thursday. The Gross domestic product (GDP) increased by 1.6 percent annually in the first quarter, according to the Commerce Department’s…

Economy adds 303,000 positions as unemployment rate falls

The UMass Board of Trustees Committee on Administration and Finance unanimously voted Wednesday morning to raise tuition for in-state undergraduates by 2.5% for the 2024-2025 academic year, bringing it to $17,006. This will add $415 to the bill of a student at the flagship Amherst campus, and slightly less at the Boston, Dartmouth and Lowell campuses.

Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.

After higher-than-expected inflation and labor market numbers in January and February following a strong U.S. economy, Federal Reserve officials are indicating they might maintain higher interest rates for a longer period. “It is too early to determine whether the recent numbers represent more than just a temporary increase,” said Fed chair Jerome Powell…

Businesses and consumers are feeling more positive about the economy as interest rate cuts approach

Who wouldn’t want to go back in time and return to the days before the economy surged out of the pandemic recession and sent prices skyrocketing? Many economists warn that consumers should be cautious about what they wish for.

Federal Reserve Chair Jerome Powell stated on Friday that he sees no evidence to believe that the U.S. economy is near a recession. “The economy is performing well,” Powell stated at a conference in San Francisco. “As I mentioned, the economy is in a good state. There is no cause to believe that the economy is in a recession…