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California rents could skyrocket 10%. Blame inflation

When Antioch, Calif., resident Teresa Cardenas found a notice on her door May 31 informing her that starting Aug. 1 her rent would go...
Business & Finance

Disneyland has been raising food prices. Blame inflation

Even within the walls of the Happiest Place on Earth, there’s no escaping inflation.Disneyland patrons entering the park are used to enduring regular price...

Battling to tamp down inflation, Fed gears up for another big interest rate hike

WASHINGTON — The Federal Reserve is expected to announce Wednesday another aggressive interest rate increase as the central bank presses its attack on inflation despite rising...

Bringing down inflation might cause your rent to rise

Britt and Danielle Vaughan have been renting an apartment in Pasadena since 2014. Earlier this year, the couple decided they were ready to fulfill...

Migration Hotspots Have the Highest Inflation Rates

Phoenix, Atlanta, Tampa and Miami, all Sun Belt metros popular with relocating homebuyers, have the highest inflation rates in the country. Housing prices make...

Housing inflation is worse than official BLS data show

Across the country, renters looking for new homes are facing dizzying double-digit rent increases. But you wouldn’t know it from the official federal tally...

Costco food court raises prices on chicken bake, drinks amid inflation

Soaring food costs, driven by staggering inflation rates, have reached a bargain bastion many thought was invincible to price hikes: the Costco food court....

Hiltzik: Inflation is starting to come down

For fans of code-breaking, Thursday morning’s Wall Street Journal home page provided plenty of material to perplex and entertain. There was an article documenting...

BIDEN’S FAULT MAINSTREAM MEDIA? ……EU Inflation Rate Hits 8.6%

Click HERE To See The Story at the Los Cerritos News Site   Think you will see this on mainstream media?….and the EU is just...

Inflation grips L.A. taco vendors: Less meat? Raise prices? Absorb losses?

On a recent weeknight, street vendor Reina Orozco was busy flipping store-bought tortillas on a makeshift grill as she prepared carne asada and chicken...

Hiltzik: Corporate profits and inflation go hand-in-hand

Here’s an inflation remedy you’re not hearing much about: Reduce corporate profits.If that sounds like a drastic, even radical idea, the reason may be...

Hiltzik: Should we raise unemployment to fight inflation?

If economic history teaches us anything, it’s that when times get tough, working men and women get targets painted on their back.Current events give...

Worldwide Inflation: Other Nation’s Banks Raise Interest Rates

Click HERE To See The Story at the Los Cerritos News Site June 16, 2022~Britain and Swiss Banks raised their rates yesterday. Click HERE To...

Inflation looks like ‘a losing battle’ in Southern California

As U.S. inflation hit a four-decade high, rising prices in Southern California — where costs of shelter and food are among the highest in...

Experts Use Core Inflation, Why Not the Media?

Click HERE To See The Story at the Los Cerritos News Site   June 10, 2022~ This morning US residents rose to report of inflation...

Inflation and the Housing Market

It all comes down to supply and demand. For the first time since the 1980s, Americans are dealing with 8%+ inflation in consumer prices. American...

MAINSTREAM NEWS? Core Inflation Rate Drops Three Tenths of One Percent

Click HERE To See The Story at the Los Cerritos News Site Where is the mainstream media? All you hear about is inflation, inflation,...

Inflation will boost California’s minimum wage to $15.50

SACRAMENTO — California’s minimum wage for all employers will rise to $15.50 an hour in January, advisors to Gov. Gavin Newsom said Thursday, the first time...

Fed makes biggest rate hike since 2000 to combat inflation

WASHINGTON — For the first time in 22 years, the Federal Reserve on Wednesday pushed up interest rates by a full half-percentage point — a significant...

Migration Hotspots in the Sun Belt Are Home to the Nation’s Highest Inflation Rates

An influx of people moving into Phoenix, Tampa and Atlanta has led to rapidly rising home prices, one contributor to outsized inflation in those...

Here We Go Again: LA Times Screams About ‘Biden Inflation,’ Writes Nothing About the...

Click HERE To See The Story at the Los Cerritos News Site By Brian Hews April 13, 2022~In the front page article of today’s...

Inflation, anxiety stymie Biden effort to focus on economy

WASHINGTON — It’s a maxim in politics: Bad economic news trumps the good. And that is what scares President Biden and the Democrats.On Tuesday, inflation hit...

How is AriZona Iced Tea still 99 cents as inflation soars?

Gas is nearly six bucks a gallon. Groceries are 8% higher than last year. Dollar stores: now dollar-and-a-quarter stores.But a giant, 23-ounce can of...

Fed increases interest rates to combat inflation

WASHINGTON — The Federal Reserve responded to the nation’s surging inflation Wednesday by inching up interest rates by a quarter percentage point and signaling it plans...

Hiltzik: ‘Record’ gas prices and inflation

With the price of a gallon of crude oil spiking, you’ll be reading and seeing lots of reports about gasoline prices setting records in...

What can the Federal Reserve do about inflation?

After two decades of little or no inflation, Americans have seen prices for gasoline, fuel oil, electricity and cars jump, while also creeping up...

Will Russia’s Ukraine invasion push up oil prices, inflation?

WASHINGTON — By sending Russian troops into only a small, disputed slice of Ukraine, Russian President Vladimir Putin has put President Biden and the American economy...

Are inflation fears justified for middle-class households?

WASHINGTON — At first, it was just a few things in the meat and produce sections that caught Gayle Stafford’s eye. But soon she noticed that...

Hoping to beat inflation, Fed moves to raise rates in March

WASHINGTON — After downplaying the threat of inflation through most of last year, the Federal Reserve struck a more hawkish tone Wednesday as it signaled readiness...
Business & Finance

What’s really going on with inflation? Economists weigh in

Prices for goods and services increased 7% in the last year, the highest inflation rate in nearly four decades, according to numbers released Wednesday...

Three-Quarters of Homebuyers & Sellers Report Changing Plans Due to Inflation: Redfin Survey

Roughly one in 10 respondents are cancelling their plans to buy or sell a home because of inflation. 29% are delaying homebuying plans due...
Business & Finance

Taking aim at inflation, Fed prepares to hike interest rates sooner than it previously...

WASHINGTON — With inflation now running at its fastest pace in nearly 40 years and showing no signs of slowing down, the Federal Reserve on Wednesday...
Business & Finance

California small businesses confront rising inflation, wages

For Vivian Bowers, owner of a South Los Angeles dry cleaner, inflation hit home when her wholesale cost for hangers soared by 48% in...
Business & Finance

Hiltzik: Why do we fear inflation?

Is there an economic term that strikes more fear into the hearts of consumers than “inflation”?Probably not. When inflation is rising even modestly, it...

US stocks rise to records on more proof of economic recovery

U.S. stocks are rallying toward records on Thursday after a suite of encouraging data showed how hungry Americans are to spend again, how fewer...

A year after stocks soared, CEOs must show it was warranted

NEW YORK (AP) — It's time to show the receipts, CEOs. ...

Turkish central bank maintains key rate unchanged at 19%

ANKARA, Turkey (AP) — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the...

Fed survey: Economy rebounding, helped by stimulus, vaccines

A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a...

Asian stock markets advance after new Wall St high

BEIJING (AP) — Asian stock markets rose Wednesday after Wall Street hit a high following an uptick in U.S. inflation and an order by...

Fed leaders agree: Economics has a racial-disparity problem

WASHINGTON (AP) — Top Federal Reserve policymakers on Tuesday underscored their concern that Black and Hispanic people are sharply underrepresented in the economics field,...

Consumer prices jump 0.6% in March, biggest gain since 2012

WASHINGTON (AP) — U.S. consumer prices increased a sharp 0.6% in March, the biggest uptick since 2012, while inflation over the past year jumped...

Fed’s Powell sees US boom ahead, with COVID still a risk

WASHINGTON (AP) — The U.S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said...

IMF: Vaccine inequity threatens Mideast’s economic recovery

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of...

Tech company gains help push S&P 500 to record high

Wall Street capped another week of gains with more milestones Friday, as strength in technology and health care stocks helped push the S&P 500...

Wholesale prices up 1% in March, energy leads the way again

SILVER SPRING, Md. (AP) — Wholesale prices jumped again in March pushed by another big increase in energy prices, the government reported Friday. ...

Asian shares mostly lower on strong China price data

BANGKOK (AP) — Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities...

Fed in March saw brighter outlook, yet underscored patience

WASHINGTON (AP) — Federal Reserve officials were encouraged last month by evidence the U.S. economy was picking up, but they showed no sign of...

Yellen calls for minimum global corporate income tax

WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to at...

Global stocks rise; Treasury yields rally after jobs report

NEW YORK (AP) — Stocks rose in many of the markets worldwide that were open on Good Friday, while Treasury yields rallied after a...

US factory activity expands at fastest pace since 1983

WASHINGTON (AP) — U.S. manufacturers expanded in March at the fastest pace in 37 years, a sign of strengthening demand as the pandemic wanes...

S&P 500 returns to a record high after best day in weeks

NEW YORK (AP) — U.S. stocks burst to their best day in three weeks on Friday, helping Wall Street return to record heights and...

Consumer spending dipped 1% as winter storms raked the US

WASHINGTON (AP) — Consumers spending and personal incomes both fell sharply in February as severe winter storms disrupted shopping in many parts of the...

Yellen, Powell say more needed to limit US economic damage

WASHINGTON (AP) — Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell told Congress on Tuesday that more must be done to limit...

Turkish lira plummets after Erdogan fires central bank chief

ANKARA, Turkey (AP) — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired his third central bank...

Turkey’s president fires central bank governor by decree

ISTANBUL (AP) — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors...

Asian markets follow Wall St lower after Fed bump

BEIJING (AP) — Asian stock markets followed Wall Street lower on Friday after rising U.S. bond yields dampened buying enthusiasm driven by the Federal...

Wall Street closes higher after Fed says will keep rates low

Stocks closed higher Wednesday, reversing an early slide after the Federal Reserve reassured Wall Street that it expects to keep its key interest rate...

Fed expects to keep its key rate near zero through 2023

WASHINGTON (AP) — The Federal Reserve foresees the economy accelerating quickly this year yet still expects to keep its benchmark interest rate pinned near...

Asia shares mostly higher after US stocks gain for fifth day

TOKYO (AP) — Asian shares mostly rose on Tuesday, cheered by a rally to all-time highs on Wall Street. ...

New challenge for the Powell Fed: A strengthening economy

WASHINGTON (AP) — For the past year, Federal Reserve Chair Jerome Powell has expressed a wish for more rescue spending from Congress, better control...

Spiking energy leads wholesale prices up 0.5% in February

WASHINGTON (AP) — Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January. ...

Stocks mostly shake off a weak start, edge to more records

A late-afternoon burst of buying helped nudge several U.S. stock indexes to all-time highs Friday, despite a pullback in Big Tech companies as bond...

Erdogan pledges measures to lift economy, tame inflation

ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan on Friday outlined a series measures that he said would lift the country's economy, and pledged...

Asian shares advance as yields, inflation fears moderate

Stocks climbed in Asia on Thursday after a key measure of inflation in the U.S. came in lower than expected, easing worries that price...

Consumer prices up 0.4% last month but core prices moderate

WASHINGTON (AP) — U.S. consumer prices increased 0.4% in February, the biggest gain in six months, led by a sharp jump in gasoline prices....

Asian stocks follow Wall St higher after tech rally

BEIJING (AP) — Asian stock prices followed Wall Street higher on Wednesday following a rally for major tech companies. ...

Asian shares trade mixed on recovery hopes, yield worries

TOKYO (AP) — Asian shares were mixed Tuesday, cheered by the imminent passage of the U.S. stimulus package, although that optimism was tempered by...

Yellen plays down inflation fears, pushes for relief bill

WASHINGTON (AP) — Treasury Secretary Janet Yellen says fears that the administration's $1.9 trillion relief bill could trigger a rapid rise in inflation are...

Tech rebound pulls stocks out of a slump and to weekly gain

Wall Street capped a volatile day of trading Friday with a broad rally that snapped the market's three-day losing streak. ...

Shares slip in Asia after bond yield spike hits Wall St

Asian shares slipped Friday after surging U.S. bond yields renewed pressure on high-flying technology companies. ...

EXPLAINER: Why rising rates are unsettling Wall Street

NEW YORK (AP) — Interest rates keep marching higher, and Wall Street keeps shaking because of it. ...

Powell: Higher inflation temporary, no rate hikes in sight

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but that it would likely...

Asian shares track Wall St decline as bond yields rebound

Asian shares fell Thursday, tracking a decline on Wall Street as another rise in bond yields rattled investors who worry that higher inflation may...

Asian shares advance despite Wall Street retreat

BANGKOK (AP) — Stocks advanced in Asia on Wednesday after a wobbly day on Wall Street, when the S&P 500 gave back most of...

EXPLAINER: Why rising rates are unsettling Wall Street

NEW YORK (AP) — Yes, it’s possible to have too much of a good thing, and that’s exactly why stock markets around the world...

US consumers rebound to boost spending 2.4% as income jumps

WASHINGTON (AP) — Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase...

Asian shares sink after tech rout pulls Nasdaq 3.5% lower

BANGKOK (AP) — Asian shares skidded Friday after rising bond yields triggered a broad sell-off on Wall Street that erased the markets gain for...

US jobless claims at 730K, still high but fewest in 3 months

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though applications...

Asian stocks follow Wall Street higher after Fed pledge

BEIJING (AP) — Asian stock markets followed Wall Street higher Thursday after the Federal Reserve chairman said the U.S. central bank is in no...

Chairman Powell: Fed is in no hurry to raise interest rates

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it...

Asian shares slip on jitters over inflation, interest rates

BANGKOK (AP) — Shares fell Wednesday in Asia as investors weighed the possibility that inflation might prompt central banks to adjust their ultra-low interest...

Fed’s Powell: Recovery incomplete, high inflation unlikely

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no...

New or used? Either way, price hikes squeeze US auto buyers

FENTON TOWNSHIP, Mich. (AP) — The viral pandemic has triggered a cascade of price hikes throughout America's auto industry — a surge that has...

Asian shares mostly higher amid coronavirus vaccine optimism

TOKYO (AP) — Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. ...

Asian shares mixed as investors await progress on stimulus

TOKYO (AP) — Asian shares were mixed on Monday as hopes for a recovery from the coronavirus pandemic with the global rollout of vaccines...

Stocks end a wobbly day with mixed results; yields rise

U.S. stock indexes ended a choppy day of trading little changed Friday, though the S&P 500 finished with its first weekly loss in three...

Federal Reserve sees modest pickup in hiring this month

WASHINGTON (AP) — The Federal Reserve says there's evidence that hiring has picked up in recent weeks, though the job market remains badly damaged...

Asian shares mostly lower after mixed day on Wall Street

BANGKOK (AP) — Shares were mostly lower in Asia on Thursday after a mixed session on Wall Street as losses by technology and industrial...

Wholesale prices surge 1.3%, led by health care and energy

WASHINGTON (AP) — U.S. wholesale prices surged by a record 1.3% in January, led by big gains in health care and energy prices. ...

US jobless claims fall slightly to 793,000 with layoffs high

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a...

Asian shares mostly gain after Biden speaks with China’s Xi

Major Asian stock indexes were mostly higher on Thursday after President Joe Biden held his first conversation with Chinese leader Xi Jinping since taking...

Powell stresses commitment to full employment and low rates

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday underscored the Fed's commitment to reducing unemployment to multi-decade lows, where it stood before...

US consumer prices up 0.3% in January, led by energy spike

WASHINGTON (AP) — U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest...

Asian stocks higher after Wall St. rises to new record

BEIJING (AP) — Asian stocks were mostly higher Tuesday after Wall St. rose to a new record. ...

US employment costs rise modestly in fourth quarter

SILVER SPRING, Md. (AP) — Wages and benefits for U.S. workers rose in the last quarter of the year, putting all of 2020 in...

US consumer spending fell 0.2% in December in face of virus

WASHINGTON (AP) — U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for...

Fed stresses its commitment to low rates as economy stumbles

WASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve will keep pursuing its low-interest rate policies until an economic recovery is...

Fed will likely stress commitment to low rates amid pandemic

WASHINGTON (AP) — The Federal Reserve this week will likely underscore its commitment to its low-interest rate policies, even as the economy recovers further...

Syria floats new bank note amid soaring inflation

DAMASCUS, Syria (AP) — A new, 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the country reeling from a...

Biden inherits damaged economy, with signs of hope emerging

WASHINGTON (AP) — President Joe Biden has inherited a badly damaged economy pulverized by the pandemic, with 10 million fewer jobs than a year...

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