Midterm elections have consequences. Here’s a look at what they are and what they mean for Americans across the country and the economy.
Author: Medora Lee and Elisabeth Buchwald, USA TODAY
CPI report: Inflation moderates in October, but consumers won’t feel much relief. Here’s why.
While inflation eased food, energy and rent remain expensive. Overall CPI inflation was 7.7% in October.
Jackson Hole speech: Jerome Powell hints at more aggressive Fed rate hikes to fix inflation
The Federal Reserve is committed to lowering inflation, which means interest rates will keep rising, the Fed chair said in a speech in Jackson Hole.
Lipstick, stamps and men’s underwear: Track the prices of these everyday items as leading recession and inflation indicators
How do you identify a recession? Pay attention to men’s underwear or lipstick sales. And when it comes to inflation, look at stamp and haircut prices.