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The Federal Reserve raised interest rates by a quarter-percentage point as part of its ongoing effort to fight inflation. Price hikes have begun to ease, but the Fed says inflation is not yet tamed.
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Annual inflation continued to ease, cooling to 6.5% in December, but prices are still climbing at a rapid rate, meaning people have to work longer and harder to keep the same standard of living.
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Food banks and nonprofits say inflation has hurt fundraising and made it hard to handle a surge in demand. One CEO says the need is close to the height of the pandemic.
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Inflation, the curse of our pocketbooks and the Federal Reserve, has hit almost every good in the U.S. But the price of a beloved toy has managed to hover around $1 — for more than 50 years.
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A new government report shows inflation cooled a bit in November. But prices are still climbing and the Federal Reserve is preparing to raise interest rates again.
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Turkey, stuffing, pie — it's all way more expensive this year. But you don't have to let inflation spoil your meal, if you're willing to get creative.
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Despite inflation, this year is on track for the third-busiest Thanksgiving travel season in over two decades, according to AAA.
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Stocks experienced their biggest rally in two years after a report that inflation is currently running at 7.7%.
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Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.
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Liz Truss' resignation as Prime Minister is being blamed on a faulty economic plan. But her fate should serve as a warning to other countries that may have to grapple with an inconceivable choice.
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The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.
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Retirees and others who rely on Social Security will see a large boost in benefits next year, with the average benefit rising by $141 per month, as inflation stays above 8%.