When rural electric cooperatives began considering deploying broadband internet, thanks to a flush of billions of dollars in federal funding to close the digital divide, they had one goal in mind — ensuring their members had reliable access to high-speed internet. What they probably weren’t expecting, however, was the one-two […]
Author: Gerard Edic
Five Things to Watch Out for in April’s CPI Report
The Bureau of Labor Statistics’ latest Consumer Price Index (CPI) report, one measure of inflation, will be released Wednesday morning. Economists’ averaged forecast for April’s headline CPI is expected to rise 0.41%, according to Bloomberg, while the headline CPI for the year ending in April is predicted to rise 4.99%. […]
Inflation Puts the Squeeze on Charitable Food Assistance
Andy Lo first felt the squeeze of inflation in early 2021, when he noticed the price of food go up. “I used to get a lot for $100 – now one cart of groceries is almost $200,” Lo bemoaned. A freelance photographer, Lo also helps run his family’s grocery store, […]
Inflation Continues to Decline but Remains Too High
The rate of inflation has continued on a downward trend since the summer, yet it remains too high for the Federal Reserve’s liking, meaning further interest rate hikes are to be expected. For the year ending in February, the Consumer Price Index (CPI) rose 6%, a decrease from January’s year […]
Slight Ease in Inflation is Not Enough
The rate of US inflation is continuing to cool but not at a quick enough rate to change the Fed’s planned course of action. The Consumer Price Index (CPI) increased 6.4% in January over the last 12 months, according to the latest report released last week by the Bureau of […]