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US GDP growth dips as inflation and trade deficits pressure economy

GDP grew by 1.5 percent in the second quarter following a 2.1 percent increase in the first quarter.

Gas prices on LI increased last month, but U.S. inflation cooled more than expected

Gasoline prices on Long Island and in the metropolitan area rose 33.8% last month overall compared with a year ago, though the rate of increase in the consumer price index was slower than in May.
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US inflation surges to three-year high amid tensions with Iran

United States inflation jumped at its fastest pace in three years as the ongoing US-Israel war on Iran fuelled higher energy prices. Personal consumption expenditures — the US Federal Reserve’s ...
WGHP

Inflation spreading across the United States’ economy

(The Conversation) — Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of ...
WFAE

Inflation tops 4% for the first time in 3 years on spike in gasoline prices

Stay up to date with our Up First newsletter, sent every weekday morning. Soaring gasoline prices, triggered by the U.S. war with Iran, have pushed inflation to its highest level in more than three ...

Fed Chair Kevin Warsh says central bank has 'no tolerance' for elevated inflation

Fed Chair Kevin Warsh told lawmakers the central bank won't tolerate persistently elevated inflation and will take the steps needed to preserve price stability.