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U.S. inflation slowed in May, supporting the case for Federal Reserve officials to pause their run of interest-rate hikes this week.
Both the consumer price index and the core CPI — which excludes food and energy — decelerated on an annual basis, highlighting inflation’s descent since peaking last year. At 4%, year-over-year inflation is now at its lowest level since March 2021, according to data out Tuesday from the Bureau of Labor Statistics.
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The Social Security Administration announced its cost-of-living adjustment for beneficiaries — a figure advocates say fails to address the reality for most seniors.
The pharmacy landscape is shifting rapidly—and employers are feeling the pressure.
A historic decline in CEO confidence reveals that leaders will be looking to cut costs and slow hiring to address economic uncertainty.
As inflation cools, Social Security's annual cost-of-living adjustment is projected to decline in 2026. Seniors say the benefit bump won't be enough.
Job cuts mirror early pandemic levels, and more people than ever are working multiple jobs to keep up with economic needs.
