Articles Tagged: Inflation

The Iowa congresswoman said Americans are right to have questions and demand justice for the victims, but she trusts Trump administration's commitment to the truth.

Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

The Iowa Farm Bureau’s latest food and farm index found that among concerns of the high cost of groceries, the overwhelming majority of Iowa grocery shoppers surveyed are concerned about increases to food prices caused by government regulations.

While the U.S. economy looks good underneath the surface, uncertainty around the impact of Trump’s tariffs and trade policy has kicked up a “bunch of question marks in the air, you know, dust in the air that makes the visibility low” for the Fed to consider lowering short-term borrowing costs, said Chicago Federal Reserve Bank President Austan Goolsbee.

U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve's resolve to delay further interest rate cuts.

Trump’s order also includes a mechanism to escalate the rates if the countries retaliate against the U.S., as they are possibly prepared to do.

The two candidates running for southeast Iowa’s closely contested U.S. House seat took a break Friday from their respective parties’ messaging on abortion rights and immigration to focus on farm policy and economic issues, as they work to turn out and sway undecided voters just four days out from Tuesday’s general election.

Hinson, who sits on the House Appropriations Committee, said her top priority is reducing inflation by slowing government growth and spending, reducing taxes and “regulatory burdens” on small businesses.

Democrat Sarah Corkery challenges incumbent Republican U.S. Rep. Ashley Hinson in Iowa’s 2nd District.

The Social Security Administration makes the official COLA announcement Thursday, and analysts predicted in advance it would be 2.5% for 2025.

From Maine to Texas, dockworkers at 36 ports across the eastern U.S. are now on strike for the first time in decades. And the work stoppage could snarl supply chains — leading to shortages and higher prices.

The central bank’s action lowered its key rate to roughly 4.8 percent, down from a two-decade high of 5.3 percent, where it had stood for 14 months as it struggled to curb the worst inflation streak in four decades.

Democrat Sarah Corkery tells a Cedar Rapids crowd that an independent candidate also running in the congressional race could siphon votes from incumbent Republican U.S. Rep. Ashley Hinson.

Last week, McDonald's said that it was planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices. Walmart posted strong quarterly sales last week, driven by a influx of customers looking for bargains.

Polls show that despite a healthy job market, a near-record-high stock market and the steady drop in inflation, many Americans blame Biden for high prices.