Turkey’s annual inflation soars to almost 79%

Turkey's annual inflation soars to almost 79%

Shoppers stroll the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and non-alcoholic beverage prices rising 70.3% year over year for March. Diego Cupolo | nur photo | Getty Images Inflation in Turkey rose close to 79% last month, the highest the country has seen in a quarter … Read more

Americans Have Had It With Inflation

Americans Have Had It With Inflation

James Duffy used to frequent the coffee shop on weekends to enjoy an Americano and read a book. Then, rising inflation started to bite. Mr. Duffy, 25 years old, began cutting back on coffee outings earlier this year. Now, he brews a big pot of coffee at home, part of a broader attempt to save … Read more

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Cleveland Fed President Loretta Mester takes part in a panel agreed to speak about the health of the US economy in New York November 18, 2015. Lucas Jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that if economic conditions remain the same when the US central bank meets to decide … Read more

Did corporate greed fuel inflation? It’s not biggest culprit

Did corporate greed fuel inflation? It's not biggest culprit

WASHINGTON (AP) — Furious about surging prices at the gas station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits. Responding to that sentiment, the Democratic-led House of Representatives last month passed on a party-line vote — most Democrats … Read more