Inflation is pushing up costs for groceries, gasoline, rent and other areas of household budgets at a faster-than-usual pace. The consumer price index jumped 8.6% in May relative to a year earlier, ...
Today we’re digging into a series of economic reports that give us more insight into what’s happening in this economy. First, we look at rising prices, the cost of money and why inflation might ...
Remember when retirement calculators felt like a crystal ball for your future? Those days are fading as inflation reshapes ...
The nominal interest rate is the simple interest charged on a loan or paid on a deposit. Real interest is nominal interest after taking inflation’s effects into account. Economists, as well as lenders ...