[ad_1] New York CNN Business — Several grocery items have gotten more expensive this year. But nothing comes close to the rise in egg prices. In the year through November, not adjusted for seasonal swings, egg prices jumped 49%, according to data from the Bureau of Labor Statistics. Since early …
Read More »‘Life or death.’ As Britons buckle under the cost of living crisis, many resort to ‘warm banks’ for heat this winter
[ad_1] London CNN — In a community center in central London, a young child plays in a makeshift area as her caregiver rocks her stroller and chats to a friend. The Oasis Centre in Waterloo sits in a four-story building that has a warm, inviting feeling, with plush chairs and …
Read More »Japan’s consumer inflation hits fresh 40-year high
[ad_1] Japan’s core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data showed, a sign price hikes were broadening and could keep the central bank under pressure to whittle down massive stimulus. Months before Tuesday’s surprise tweak to its yield control …
Read More »Republicans will control the House, but they can’t do much to fix the economy quickly
[ad_1] CNN — Congressional Republicans have repeatedly blamed President Joe Biden and their Democratic counterparts for the surge in inflation and the rocky economy. But though the GOP has captured control of the House in the midterm election, albeit by a very slim margin, there’s not much the party can …
Read More »Consumers are cutting back on holiday gift buying amid higher inflation
[ad_1] Inflation is weighing heavily on the holidays this year. Roughly half of shoppers will buy fewer things due to higher prices, and more than one-third said they will rely on coupons to cut down on the cost, according to a recent survey of more than 1,000 adults by RetailMeNot. …
Read More »The US economy added 261,000 jobs in October while unemployment jumped to 3.7%
[ad_1] New York CNN Business — The US economy added 261,000 jobs in October and the unemployment rate rose to 3.7%, according to the latest monthly employment snapshot from the Bureau of Labor Statistics released Friday morning. The total job gains were lower than the revised September number of 315,000, …
Read More »The Fed may have to blow up the economy to get inflation under control
[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — The Federal Reserve is most likely going to raise interest rates by three quarters of a percentage point again on Wednesday, its …
Read More »Voters’ top concern is the economy as Democrats seek a ‘closing message’ to draw contrasts with GOP on combating inflation
[ad_1] CNN — Fifteen days from the midterm elections, new CNN polls in battleground states show that the issue at the front of voters’ minds is the economy and inflation – a reality that could tilt the outcome of key races with Democrats’ narrow House and Senate majorities in the …
Read More »The Fed only cares about inflation. That’s bad news
[ad_1] New York CNN Business — Jerome Powell and other members of the Federal Reserve are obsessed with choking off inflation once and for all, even if the Fed’s series of aggressive rate hikes slow the economy to a crawl. That could be bad news for consumers, investors and Corporate …
Read More »Stocks week ahead: Wages are the most important number to watch in the jobs report
[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — Investors, economists and members of the Federal Reserve will be poring over the September jobs report on Friday morning for clues about …
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