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Fed inflation gauge hits 2-year high as AI boosts GDP; S&P 500 rises (live coverage)

The Federal Reserve's primary inflation measure hit its highest level since November 2023, while first-quarter GDP growth slightly undershot forecasts, despite a huge boost in spending on AI-related ...
CNN

Uncomfortably high inflation is a real problem and it’s not going away anytime soon

Here’s something no American wants to hear: Prices are surging again, and uncomfortably high inflation could be with us for quite some time. Inflation has been a thorn in the US economy’s side since ...
CNN

US inflation rose to 3.8% in April, eroding Americans’ paychecks

For the first time in three years, Americans’ wages are no longer outpacing inflation. Prices rose 0.6% on a monthly basis, driving the annual rate to 3.8%, the highest since May 2023, according to ...
Washington Examiner

Trump is causing real inflation. Here’s why it’s so insidious

Inflation, an increase in the general money price level (“nominal inflation”), causes substantial concern across households, boardrooms, legislative chambers, and central banks alike. It erodes the ...
Pew Research Center

Have Americans’ wages kept up with inflation? That depends

Inflation in the United States reached its highest level in three years in April, according to the Bureau of Labor Statistics (BLS). And many Americans are feeling the pinch: In a Pew Research Center ...