Inflation Lessons From the 1970s

About a month into the war with Iran, we spoke with Cameron Joudi, who owns a gas station in Florida, about how the conflict was reaching him at home. He recently reached out after seeing a 20-cent spike in gas prices in the span of just 24 hours.Vivian Nereim, the Gulf bureau ch ...  Show more

As the general midterm elections begin, we take a look at where things stand. A new Times/Siena poll suggests that Democrats have a real shot at winning control of both chambers of Congress. But serious obstacles stand in their way, including a financial disadvantage.The New York ...  Show more

Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here’s what to watch out for.

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In December, inflation hit a staggering 7 percent. ...

There remains a lot of anxiety over whether inflation in the US will gather steam all over again. Part of this worry stems from the fact that there were multiple bouts of inflation in the 1970s, which was the last time the US had a serious inflation problem. So to understand whet ...  Show more

If it seems like everyday items from gasoline to groceries are costing more these days, it’s because they are. A government report released last week showed consumer price inflation reaching levels not seen in 30 years. We dig into what’s causing the spike and how long we can exp ...  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