Inflation Runs at a 26-Year High
The once-mighty US dollar is full of hot air, or at least the rate of inflation is at a 26-year high due to the recent economic toils and astronomical energy prices Prices U consumers pay shot up 11 percent in June -- or more directly, your paycheck just got 11 percent smaller.
The once-mighty U.S. dollar is full of hot air, or at least the rate of inflation is at a 26-year high due to the recent economic toils and astronomical energy prices. Prices U.S. consumers pay shot up 1.1 percent in June — or more directly, your paycheck just got 1.1 percent smaller.
Your support is crucial…The BBC:
US inflation accelerated at the fastest rate in 26 years in June, fuelled higher by surging energy prices, official figures have shown.
Consumer prices rose by 1.1% in June, the Labor Department said, more than the 0.7% many analysts had expected.
Federal Reserve boss Ben Bernanke said on Tuesday that the threat of rising inflation had intensified recently.
High inflation will make it harder for the Fed to cut rates and boost an economy hurt by a housing market slump.
With an uncertain future and a new administration casting doubt on press freedoms, the danger is clear: The truth is at risk.
Now is the time to give. Your tax-deductible support allows us to dig deeper, delivering fearless investigative reporting and analysis that exposes what’s really happening — without compromise.
During this holiday season, stand with our courageous journalists. Donate today to protect a free press, uphold democracy and ensure the stories that matter are told.
Asia Pacific
Today’s ecological and geopolitical dangers highlight the urgency of finding a way to avoid World War III.
Environment
At least, not fast enough to reach international targets.
Politics
But MAGA world's feud with Swift is an excellent vehicle for observing the ever-quickening decay of American politics.
TD Original
The multibillion-dollar Effective Altruism movement makes rich people feel good about being rich — to hell with the bad publicity.
TD Original
A well-wishing appreciation of Matt Christman.
Book Review
A new book by former Greek finance minister Yanis Varoufakis argues that capitalism as we knew it has been displaced by a twenty-first century feudalism.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.