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News
Inflation is slashing middle-class incomes. Here’s where it’s worst
3+ hour, 11+ min ago (307+ words) (NEXSTAR) – You probably don’t need the data to tell you that money has gotten a little tighter for most people. Wage growth for many middle-class households isn’t keeping up with inflation, especially with the major spikes in home prices during…...
Europe’s central bank holds rates steady amid swings in oil prices
2+ day, 9+ hour ago (417+ words) The central bank for the 21 countries that use the euro currency left its benchmark rate unchanged at 2.25% following a quarter-point hike at its previous meeting June 11. That increase was aimed at dampening the impact on consumer prices from higher oil…...
How the weaker dollar quietly makes life more expensive
2+ mon, 2+ week ago (890+ words) The dollar has fallen about 10% against other major currencies since President Donald Trump returned to the White House, a pullback potentially playing a role in Americans’ concerns about affordability. “It’s kind of a hidden tax,” says economist Thomas Savidge of…...