inflation

The next president of the regional Federal Reserve Bank will be voting on interest rates next year. That’s just the highest profile task for the job that’s based in Atlanta but watches over the economy across parts of six states, including all of Florida.

Drivers have experienced historic sticker shock as they've filled up their tanks since the U.S. and Israel began military action against Iran. Floridians have paid higher prices in the past, but rarely have experienced such sudden price hikes. The same goes for gas station owners.

South Floridians are not paying record prices for gasoline, but the cost of a fill up has risen 25% in less than a month. That sharp jump may dent consumer spending and help send mortgage rates up.

Regional inflation data shows price increases are slowing overall. However, electricity and food prices have kept a lid on inflation falling further.

Allies of President Donald Trump are promoting a new type of tax-favored savings account that bears his name as a way for families to build savings over the long term.

The price of groceries, medical care and clothes are helping keep the annual regional inflation rate up. While the pace of price increases has slowed, overall inflation remained elevated in December.

Federal Reserve Bank of Atlanta Pres. Raphael Bostic knows hiring has cooled off, but he remains most concerned about keeping inflation heating up. The Fed's main tool to fight inflation is higher interest rates, which is the opposite of what Pres. Trump has been pressuring the Fed to do.

Atlanta Fed Pres. Raphael Bostic had a stark warning about inflation. He worries it could be higher for longer as companies in the southeast prepare to raise prices by more than 2% in the new year.

A quarter of single family homes and half of condos are sold for cash in South Florida, yet the regional housing market remains sensitive to changes in mortgage rates. The Federal Reserve is expected to cut its target short-term rate later this week, which may bring down borrowing costs for home buyers.

As U.S. military deployment in the Caribbean looks aimed at Venezuela's dictatorship, the country's currency is plunging and prices are spiking — raising fears of a new hyperinflation crisis.

While a majority of Floridians hold onto a sense of optimism, the high cost of housing and everyday expenses have become major threats to financial stability, the FAU poll found.

The American Business Forum featured household names from the worlds of politics, business and sports at its event held in Miami. Talk was heavy about influences, workplace culture and President Trump —but light on current economic conditions for businesses.