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inflation
The cost-of-living cooled slightly after three elevated readings, likely raising hopes of interest rate cuts.
"As a kid, if your parents drove by it and stopped, you knew you were in for a treat."
Republican critics of President Joe Biden have sough to pin the blame for high prices on the president and use it as a cudgel to derail his re-election bid.
Last months job growth was up from a revised 270,000 in February and was far above the 200,000 jobs that economists had forecast.
WHAT'S HAPPENING
Sen. Sherrod Brown (D-Ohio), an economic populist, says he is looking out for organized labor.
About 10% of price increases in recent years come from companies charging the same price -- or more -- for smaller items, a group of economists say.
Lawmakers want to make it an unfair trade practice when companies shrink food and household products but keep the price the same.
Administration officials are using the report to promote President Joe Biden's economic agenda as he campaigns for reelection and as the IRS faces threats to its funding.
The paper boosts the controversial progressive argument that corporations are squeezing American households just because they can.
Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
It was the most painful inflation Americans had experienced since 1981, when The Dukes of Hazzard and The Jeffersons were topping the TV charts.
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