Inflation Tame as Consumer Prices Stayed Flat in September
American consumer prices were unchanged last month, signaling low inflation pressures that could spur another interest rate cut by the Federal Reserve.
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Producer Prices Sank in September as Gas Costs Drop
Lower gasoline costs pushed down wholesale prices in September, another sign of low inflation that is fueling speculation the Federal Reserve will cut interest rates for a third time this year.
Read moreButtigieg Targets Big Pharma in Plan to Lower Drug Prices
Democratic presidential candidate Pete Buttigieg announced a plan Monday to combat the rising costs of prescription drugs, saying it is time to fight pharmaceutical companies and make medications affordable for Americans.
Read moreAmerican Consumer Prices Rose Modest 0.1% in August
U.S. consumer prices increased by just 0.1% last month, the latest indication of low inflation and a sign the Federal Reserve is likely to cut interest rates again next week.
Read moreConsumer Prices Rise 0.3% on Gas, Housing Costs
After months of barely noticeable upticks, American consumer prices increased 0.3% in July, driven by the higher cost of gas, housing and medical services.
Read moreInflation Still Tame as Wholesale Prices Rise Just 0.2%
U.S. wholesale prices increased by only 0.2% in July, another indication of the mild inflation pressures that drove the Federal Reserve to cut interest rates last week.
Read moreHouse Democrats Blast Impact of Soaring Drug Prices
House Democrats accused pharmaceutical companies Friday of getting away with murder through skyrocketing drug prices, rejecting Republican lawmakers’ concerns that increased regulation to bring down the cost of prescription drug prices could stifle innovative research.
Read moreWholesale Prices Increased Only Slightly in June
Wholesale prices increased by only 0.1% in June, the same rate as consumer prices, as the Federal Reserve looks ready to slash interest rates this month amid tame inflation pressures.
Read moreWhite House Drops Plan to Eliminate Drug Rebates
The Trump administration said Thursday it is withdrawing a proposal that would do away with rebates in government drug plans, which it previously said would be a key component of slashing drug prices.
Read moreInflation in Check as Consumer Prices Edge Up Slightly
U.S. consumer prices rose just 0.1% for the second straight month, signaling inflation is tame as the Federal Reserve looks likely to cut interest rates at the end of July.
Read moreAmerican Consumer Prices Stayed Nearly Flat in May
Mirroring the barely noticeable uptick in wholesale prices last month, U.S. consumer prices rose only 0.1% in May in another sign of low inflation.
Read moreHouse Panel Looks at Economic Toll of Climate Change
The warming of the planet and related effects of climate change will impact the finances of American citizens, the U.S. economy and the federal budget, experts told the House Budget Committee on Tuesday.
Read moreInflation in Check as Wholesale Prices Inch Up
Wholesale prices ticked up just 0.1% in May, signaling softening inflation pressures in the American economy.
Read moreBipartisan Support Shown for Ending Surprise Medical Bills
Republicans and Democrats may not be able to agree on much these days but a bipartisan push to stop surprise medical billing is coursing through Congress as health care industry leaders met with lawmakers Tuesday to urge support of legislation that removes the financial guesswork for patients.
Read moreUptick in Consumer Prices Tied to Gas, Housing
U.S. consumer prices jumped 0.3% in April, driven largely by increases in gasoline and housing costs, but inflation pressures have stayed in check.
Read moreNorth Korea Demanded US Pay $2M for Captured Student in Coma
North Korea insisted the U.S. agree to pay $2 million in medical costs in 2017 before it released detained American college student Otto Warmbier while he was in a coma, a former U.S. official said Thursday.
Read moreChicago Sues Actor Jussie Smollett to Recover Cost of Hate-Crime Probe
Two weeks after Illinois prosecutors dropped all criminal charges against “Empire” actor Jussie Smollett for allegedly staging a hate crime against himself, Chicago filed a lawsuit Thursday against Smollett over his refusal to repay $130,000 in investigation costs.
Read moreRise in Wholesale Prices Tied to Surge in Gas Costs
Wholesale prices in the U.S. edged up 0.6% in March on rising gas and electricity costs, but inflation pressures remain in check.
Read moreEnergy Costs Drive Uptick in Consumer Prices
An increase in costs for gasoline, electricity and housing fueled a 0.4% surge in U.S. consumer prices last month, the biggest jump in 14 months.
Read moreActor Faces Lawsuit for Refusing to Pay for Hate-Crime Probe
Chicago said it will sue “Empire” actor Jussie Smollett to recover over $130,000 it spent investigating the alleged hate crime against him that the city maintains was a hoax.
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