NEWSNATIONNOW (Alix Martichoux) - Middle class vs. inflation: Where are people surviving?
Rising prices since 2020 have made it a tough period for middle-class families.
Rising prices since 2020 have made it a tough period for middle-class families.
Nationwide apprehensions totaled 26,963 in February, according to the latest U.S. Customs and Border Protection data. That’s down from 29,613 last February and 34,626 in January
The price of shelter rose by 0.2% in February alongside a 0.4% increase in the price of food. The index for energy also increased by 0.6%.
The annual inflation rate held steady in February, according to data released Wednesday by the Labor Department, before the war in Iran drove energy prices higher and threatened to upend the global economy. Consumer prices rose 0.3 percent in February and were up 2.4 percent over the past year, as measured by the Labor Department’s consumer price index (CPI). The annual and monthly inflation figures matched economist expectations, according to consensus estimates. The new inflation report is a snapshot of the economy as tensions between the U.S. and Iran rose, but before they spilled over into a full-blown military conflict in March. READ MORE: https://thehill.com/homenews/5778365-inflation-rate-steady-february/ #inflation #economy #iran…
While February’s Consumer Price Index report shows only modest price pressures, inflationary risks are rising once again as the conflict in the Middle East drags on.
Inflation remained elevated in February, offering a snapshot of what consumer prices looked like before gas prices and energy costs rose amid the U.S.-Israeli war with Iran. NewsNation's Alicia Nieves joins "NewsNation Live" to break down February's consumer price index report. #Inflation #ConsumerPrices #Gas Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live with Marni Hughes." Weekdays starting at 9a/8C.#NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.
The U.S. lost jobs in February, marking a reversal of fortunes for the labor market and nearly erasing all of the job gains delivered in January, data on Friday showed.
The U.S. lost 92,000 jobs in February and the jobless rate rose to 4.4 percent, according to data released Friday by the Bureau of Labor Statistics (BLS). The February jobs report showed the nation’s labor market rapidly losing steam last month, defying the expectations of experts. Economists expected the U.S. to have gained roughly 60,000 jobs last month, with an unemployment rate of 4.4 percent, according to consensus estimates. Read More: https://thehill.com/business/5771016-us-loses-92000-jobs-in-february-falling-far-short-of-expected-gain/
Sources familiar with plans for the meeting tell NewsNation it will take place at 10 a.m.