inflation

Consumers’ Outlook on US Economy Getting Worse, Amid Shaky Economic Data

US consumers were dealt a flurry of sluggish economic data Tuesday, both hard and anecdotal, suggesting that a tangible recovery might not be on the horizon. For starters, a Gallup Poll for June revealed that two-thirds of respondents (67%) say escalating gas prices are causing moderate to severe financial hardship in their own households. That’s …

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US economy slipped 1.6% to start year; return to growth eyed

WASHINGTON (AP) – The US economy shrank at a 1.6% annual rate in the first three months of the year, the government reported Wednesday in a slight downgrade from its previous estimate for January-March quarter. It was the first drop in gross domestic product – the broadest measure of economic output – since the second …

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Cali. residents to receive up to $1,050 in ‘inflation relief’

Some 23 million residents of California who earn less than $250,000 a year will receive a check from the state government to help ease the burden of inflation which has sent prices of key commodities like food and gas soaring. California Gov. Gavin Newsom and the Democratic-controlled legislature reached agreement last week on a $17 …

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Gas station owners cut prices to help drivers in desperate search for cheaper fuel :: WRAL.com

Phoenix – In Arizona, unleaded gas costs well over $ 5 a gallon for many customers. The owners of one Phoenix gas station are receiving praise for a gesture that’s prioritizing their customers’ plight over their location’s profits. Drivers at a Valero station are paying $ 4.99 a gallon, leading to the station being a …

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Americans Become Deeply Pessimistic About Economy as Consumer Confidence Hits Record Low

American consumers have never been this pessimistic about the economy, with the University of Michigan consumer confidence index plunging to a record low, as soaring inflation erodes household purchasing power and threatens a cost-of-living crisis. The Michigan consumer sentiment index fell from a reading of 58.4 in May to just 50.0 in June, a record …

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Why are attractive FD interest rates vital in high inflation scenario

Depositors turning to assets like gold could impact financial savings and further impact investment. In an interview with the Times of India newspaper, the RBI governor said, “When the central bank communicates that it is focused on inflation and takes steps in that direction, it gives confidence and a clear message to households and businesses.” …

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Earn 9.62% Interest on Your Savings GUARANTEED: ‘Inflation Protection’ Bond Soars to Record Levels

As inflation is spiraling out of control, there is actually a US Treasury Bond very few people know about that you can buy in order to make use of the inflation rate to make yourself thousands of dollars in profit. However, you can only kick the can down the road for so long, until real …

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