Inflation - Live News America

LECTRIC EBIKES DEFIES INFLATION ODDS, SLASHING CONSUMER PRICES AND RELIEVING ENERGY COSTS

The Country’s Fastest Growing E-Bike Brand Offers Viable Urban Transportation Solution for the Masses, Despite Inflation and Supply Chain Disruptions PHOENIX, Nov. 29, 2022 /PRNewswire/ — With rising costs of living and rising energy costs present on a global scale, a single EV company – the fastest growing e-bike brand in the U.S. – defies … Read more

Amid persistent inflation, cash-strapped consumers are tipping less

The Sweetly Bakery & Cafe in Battleground, Washington Source: Irina Sirotkina It’s the holiday season, yet Americans are feeling a little less generous. With inflation near record highs, cash-strapped consumers have started to tip less — especially when it comes to fast casual dining and carryout. “Tipping is that first sign towards reduced spending,” said Amanda … Read more

Inflation Hovers Over Shoppers Heading Into Black Friday

NEW YORK (AP) — Black Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on consumers. Elevated prices for food, rent, gasoline and other household costs have taken a toll on shoppers. As a result, many are reluctant to spend unless there is a big sale and are being more selective … Read more

Biden Is Cutting Medicare Benefits Thru Inflation Reduction Act

Two economists reported Tuesday in a Wall Street Journal op-ed that President Joe Biden is cutting Medicare benefits through the so-called Inflation Reduction Act, which cuts payments for prescription drugs for seniors. Casey B. Mulligan and Tomas J. Philipson wrote: President Biden has accused Republicans of scheming to cut Medicare. In fact it is his signature … Read more

Hyundai’s best years in the U.S. face test from Biden Inflation Reduction Act

Drew Angerer | Getty Images News | Getty Images SAVANNAH, Ga. — Hyundai Motor Group is having its best years ever in the U.S. The South Korean automaker has successfully moved from bargain economy vehicles and dancing hamsters to competing against formidable automakers in the highly profitable American market. related investing news Goldman Sachs says … Read more

Adrian Orr lines up Labour’s nightmare election inflation scenario in Monetary Policy Statement

ANALYSIS: It seemed like such a good plan. At the start of the year Labour figures and senior MPs had the following general sense of the year: there would be a few months of drudgery and sickness as Omicron washed through the community, but the borders would open, tourism numbers would increase. Inflation – which … Read more

Bank of America makes Costco a top pick because of food inflation

Bank of America named Costco a top pick because of rising food inflation, and expects shares have further upside from here. “We expect high food inflation to drive continued share gains for the warehouse club channel (including Costco) given the strong value proposition and price positioning on overlapping SKUs vs. mass and traditional grocery,” analyst … Read more

Here’s when Wall Street thinks inflation could finally end

It’s the question on the minds of market watchers, economists and consumers alike: When will soaring prices fall back down to earth? There are hints that the worst of the U.S.’s bout with inflation may be in the past. The consumer price index, a widely watched inflation gauge, came in at 7.7% in October when … Read more

Fed’s Mester wants more progress on inflation before ending interest rate hikes

Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowledging that recent data has been encouraging, the central bank official told CNBC that the progress is only a start. “We’re going to have more work to … Read more