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A strong dollar dampens U.S. inflation for another month
Consumer prices likely increased only slightly in March, with the impact of rebounding energy costs tempered by a strong dollar’s downward pressure on the prices of imported goods. Tomorrow, the Bureau of Labor Statistics will release the consumer-price index (CPI) for March, a measure of what Americans pay for everything […]
GAS PRICES ARE UP AND SO IS INFLATION…WILL INTEREST RATES BE NEXT?
Americans’ cost of living went up in February, as gasoline prices rose for the first time in seven months, sparking speculation that the Federal Reserve may raise interest rates in June. But concerns over the strengthening dollar and softening growth may complicate the Fed’s calculus. The consumer-price index (CPI), […]
Malignant Growth in The Cost of Cancer Drugs
Last year, specialty drugs added countless years to the lives of America’s sick and billions of dollars to its national debt. Spending on specialty medications in the U.S. rose by 30.9 percent in 2014, the highest such increase ever recorded, according to recent report by the nation’s largest pharmacy benefit […]
Cheap Oil Brought Deflation to the U.S. In January
Plummeting energy costs have brought the United States’ its first annual decline in consumer prices since October 2009. But core inflation proved stronger than expected, suggesting overall inflation could pick up once oil prices stabilize. The consumer-price index (CPI), a measure of what Americans pay for everything from cupcakes […]