inflation

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.

The Miami region used to have the highest annual inflation rate in the country. As inflation pressures have cooled, price hikes have slowed, but they haven't disappeared.

Consumer inflation rose 3.1% from a year ago in the Miami metropolitan area. June data shows how persistent inflation may be, which could delay the Federal Reserve cutting interest rates.

South Florida’s jobless rate was 3% in January, according to data released Monday by the state Commerce Department. The region still has the lowest unemployment rate in the state. The state lost jobs in construction but gained positions in healthcare and hospitality.

Food costs help boost inflation to start the year, but prices are rising beyond the grocery aisle. It is testing consumer's economic optimism.