The Way The Government Measures Inflation Is More Hands-On Than You Probably Expect
The latest Consumer Price Index showed prices were up 5.4% compared to a year ago. But how exactly does the government track this number?
Economy
Families Are Receiving A Child Tax Credit. Janet Yellen Says It Should Be Permanent
In an interview with NPR, the Treasury secretary calls to permanently expand the child tax credit being paid out to American families starting this week.
The First Monthly Payments Under The Expanded Child Tax Credit Are Arriving
The first payments have gone out to parents. Tens of millions of families will receive up to $300 per child. The tax credit is part of the stimulus package that Democrats passed in March.
Rents Are Out Of Reach For Most Americans Earning Minimum Wage, A Study Says
Workers simply don't earn enough money to keep up with skyrocketing rental rates across the country, the National Low Income Housing Coalition found in its latest Out of Reach report.
Fed Chair Powell Says Recent Spike In Prices Is Temporary
Federal Reserve Chairman Jerome Powell is testifying on the economy before a House panel a day after a key inflation gauge hit a nearly 13-year high.
A Tragic Death Shows How ERs Fail Patients Who Struggle With Addiction
ER doctors wanted to hospitalize the young man to help ease his withdrawal from opioid dependence. But he declined because he couldn't afford it. His mom says no one told him he had financial options.
The Inflation Rate Is Now The Highest It's Been Since 2008
Federal Reserve Chairman Jerome Powell is the nation's top inflation watchdog. When he testifies before Congress Wednesday, Powell is sure to be asked about the recent spike in consumer prices.
Inflation Is The Highest Its Been In Nearly 13 Years
Consumer prices jumped in June, with businesses struggling to keep up with demand out of the pandemic. The consumer price index rose 5.4% in the last year, the highest inflation in nearly 13 years.
Why Remote Work Might Not Revolutionize Where We Work
Apple joins the ranks of tech firms freeing many employees from Silicon Valley offices. What this might mean for the geography of the American economy.
Consumer Prices Surged In June
Consumer prices surged 5.4% in June from a year earlier, the highest in nearly 13 years, the Labor Department said on Tuesday. That was higher than the 5% increase seen in May.