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
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
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 adjustm
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
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
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 increa
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 aro
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.
The Pacific Northwest is home to a powerful underwater volcano. This volcano is called the Axial Seamount. It is located 300 miles off the coast of Oregon. It is also more than 4, 900 feet below the surface of the Pacific Ocean. The Axial Seamount is a mile-wide volcano. It is one of the most active
In March, Americans went on a shopping spree. They were rushing to buy items before new tariffs took effect. This sudden increase in spending gave the economy a much-needed boost. Meanwhile, inflation took a pause. It slowed down and moved closer to the Federal Reserve's target. The Commerce Depart
