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Although prices at the pump serve as one of the most prominent symbols of rampant inflation, economists are more worried about the spillover effects of price spikes for another major
Productivity gains achieved during the pandemic have diminished as low-wage workers return en masse.
10 Things You Buy are Getting More Expensive Shortages, booming demand are driving prices higher and sparking inflation fears by John Waggoner, AARP, May 13, 2021 | Comments: Getty Images If you've bought gas, a car or a BLT from Joe's recently, you already know that prices are rising. The consumer price index (CPI), the government's main gauge of inflation, jumped 0.8 percent in April and 4.2 percent over the past year. It's the largest 12-month increase since the period ending September 2008. Low supply and high demand have combined to drive up prices on a variety of goods. Here...
The U.S. dollar on Wednesday resumed its rebound from near three-week lows, rising broadly on hopes of higher government spending by President-elect Joe Biden's incoming administration and an ongoing economic recovery from the coronavirus crisis.
The U.S. dollar on Wednesday resumed its rebound from near three-week lows, rising broadly on hopes of higher government spending by President-elect Joe Biden's incoming administration and an ongoing economic recovery from the coronavirus crisis.