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Inflation

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If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years
Finance
If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years
By Will DanielOctober 18, 2023
Chairman and CEO of Bank of America, Brian Moynihan
Finance
Bank of America warned consumers they would be pushed to the ‘point of pain’—and CEO Brian Moynihan says we’ve now reached that point
By Eleanor PringleOctober 18, 2023
A worker in an aluminum products factory in China
Commentary
America was the world’s largest producer of primary aluminum until recently. Now companies are warning the 2% U.S. market share puts the energy transition at risk
By Annie SartorOctober 17, 2023
Jerome Powell, Keith Forney
Finance
American shoppers spent more than twice what economists expected in September
By Anne D'Innocenzio and The Associated PressOctober 17, 2023
The Fed looks set to hold interest rates steady next month, but there is ‘a very substantial risk’ it will hike them again later
Finance
The Fed looks set to hold interest rates steady next month, but there is ‘a very substantial risk’ it will hike them again later
By Craig Torres, Rich Miller and BloombergOctober 14, 2023
Gen Z is cooking more and shopping less as they struggle to achieve financial success
Personal Finance
Gen Z is cooking more and shopping less as they struggle to achieve financial success
By Chloe BergerOctober 13, 2023
Best Buy CEO Corie Barry on stage at Fortune's Most Powerful Women Summit
MPW
Best Buy CEO Corie Barry says we’re in the ‘funflation’ economy with $1,000 Taylor Swift tickets—and it’s why sales are worse than expected
By Paige HagyOctober 12, 2023
The inflation report just wasn’t very dramatic. Cue a range of wildly varying takes on Wall Street
Finance
The inflation report just wasn’t very dramatic. Cue a range of wildly varying takes on Wall Street
By Will DanielOctober 12, 2023
Long-term interest rates are spiking. Could they deliver a recession–or are they a sign of strength for the U.S. economy?
Commentary
Long-term interest rates are spiking. Could they deliver a recession–or are they a sign of strength for the U.S. economy?
By Philipp Carlsson-Szlezak and Paul SwartzOctober 12, 2023
Gen Z wants to retire early, but they’re finding that the cards are stacked against them
Personal Finance
Gen Z wants to retire early, but they’re finding that the cards are stacked against them
By Chloe BergerOctober 12, 2023
Retirees’ Social Security cost-of-living adjustment will officially be less than half of last year’s, even though many seniors still haven’t recovered from inflation
Personal Finance
Retirees’ Social Security cost-of-living adjustment will officially be less than half of last year’s, even though many seniors still haven’t recovered from inflation
By Alicia AdamczykOctober 12, 2023
Shopper
Finance
Inflation barely budged in September—but it’s still a ways off from the Fed’s magic 2% target
By Christopher Rugaber and The Associated PressOctober 12, 2023
Karla Abbott
Personal Finance
A 61-year-old who’s been saving for retirement since 18 sees a problem—Social Security isn’t going up nearly as fast as inflation
By Fatima Hussein and The Associated PressOctober 11, 2023
Most millennials and Gen Zers feel they have it a lot harder than their parents did in today’s economy
Personal Finance
Most millennials and Gen Zers feel they have it a lot harder than their parents did in today’s economy
By Chloe BergerOctober 11, 2023
Jerome Powell
Finance
High interest rates didn’t exactly work in September as wholesale inflation rose at the fastest pace since April
By Paul Wiseman and The Associated PressOctober 11, 2023
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