The U. S. Treasury Secretary, Scott Bessent, recently hinted that Walmart, the nation's biggest retailer, might increase prices due to President Trump's tariffs. This came after Trump warned Walmart not to raise prices and promised to keep a close eye on the situation. The conversation between Bessent and Walmart's CEO, Doug McMillon, happened just a day after Trump...
The mood among U. S. shoppers has taken a hit. A recent survey showed that people are getting more anxious about prices going up. This is mainly because of new taxes on imported goods, known as tariffs. The survey, done by a well-known university, found that the feeling of confidence among consumers has dropped to one of the lowest points ever recorded. T...
Medicare Part D is a program that helps seniors afford their prescription drugs. It has been a lifeline for many, but the costs can still be high, especially for specialty drugs. These are medications used to treat complex conditions like cancer or multiple sclerosis. The price tags for these drugs can be astronomical, leaving many seniors struggling to pay for their...
The US economy is feeling the pinch of trade tensions. Wholesale prices took a significant dip in April, marking the steepest drop since the COVID-19 pandemic hit. This decline is largely due to the impact of tariffs on profit margins, according to recent data. The Producer Price Index, a key indicator of wholesale inflation, showed a 0. 5% decrease in April c...
The economy is shifting, and so is the Federal Reserve's approach. The central bank's leader, Jerome Powell, recently spoke about these changes. He highlighted that long-term interest rates are expected to be higher. This is due to various factors, including changes in the economy and policy adjustments. Powell's remarks came during a research conference in Washingt...
In April 2025, inflation in the U. S. took a small step back. The consumer price index, which tracks the cost of everyday items, went up by 0. 2%. This small increase put the yearly inflation rate at 2. 3%. This is the lowest it has been since February 2021. The Bureau of Labor Statistics shared this news. The monthly increase matched what experts had guessed. ...
In April, the U. S. saw a slight dip in inflation rates. This is a brief calm before the storm. Why? Because trade tensions are about to heat up. The government and the Federal Reserve have been working hard to keep inflation at a steady 2 percent since the pandemic. They finally saw some relief in April. But don't get too comfortable. Experts predict that prices wil...
The cost of living saw a slight dip in April. This was the third month in a row where inflation slowed down. Prices went up by 2. 3% compared to the same time last year. This is the smallest increase in over four years. Month-to-month, prices rose by 0. 2% from March to April. This is a small increase after a drop in February and March. Grocery prices fell b...
The Federal Reserve, America's central bank, has chosen not to change interest rates. This is due to the uncertainty caused by President Trump's tariffs. The decision was made public on a Wednesday. This is the third time in a row that the Fed has decided not to act. The key lending rate remains around 4. 3%. The Fed's chairman, Jerome Powell, spoke about the impact...
The Federal Reserve, often called the Fed, has a big job. It needs to keep the economy healthy. This means making sure prices don't go up too fast and that people have jobs. Right now, the Fed is facing some big challenges. The president has been putting pressure on the Fed chairman, Jerome Powell. Sometimes, the president wants to fire Powell. Other times, he tells ...