Why everything is so expensive right now

This week, the FBI raided the home of a Washington Post journalist, sparking First Amendment fears. At the same time, the Justice Department has opened an investigation into Fed Chair Jerome Powell, drawing concerns from bigwigs on Wall Street and questions as to how the administ ... Show More

Early Wednesday, FBI agents raided the home of a Washington Post reporter as part of an investigation of a government contractor accused of illegally retaining classified government materials. The reporter – Hannah Natanson – was at her home in Virginia at the time of the search. ... Show More

For years, President Donald Trump has complained about Federal Reserve Board Chair Jerome H. Powell. He’s called him names, said he should be fired and has tried to pressure the Fed leader into lowering interest rates.Trump’s feud against Powell escalated over the weekend, when P ... Show More

For over a decade, America’s central bank has had an inflation target of 2%. On Wednesday, the Federal Reserve announced that it would keep its main interest rate unchanged in order to try and get inflation to that magic number. But what if the Fed is thinking about inflation all ... Show More

<p>In the struggle to control inflation, the Federal Reserve has raised interest rates five times already this year.</p><p>But those efforts can be blunted if companies keep raising prices regardless. And one industry has illustrated that difficulty particularly starkly: the car ... Show More

<p>To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices.</p><p>The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that in ... Show More

<p>Rapid inflation has been a problem in the United States for more than two years, but the tide appears to be turning. Annual inflation is now less than half of what it was last summer.</p><p>Jeanna Smialek, who covers the Federal Reserve and the U.S. economy for The Times, disc ... Show More

<p>With prices on the rise in the U.S. economy, the Federal Reserve is expected to announce on Wednesday an increase in interest rates, essentially pouring a cold glass of water on the economy.</p><p>Why would the central bank do that? The answer lies in the inflation crisis of t ... Show More