inflation - Green Gummies

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IRS: Taxpayers will get larger standard deductions in 2025

NEW YORK (AP) — U.S. taxpayers will again see higher standard deductions in 2025, allowing them to shield more of their money from taxes on future earnings. The Internal Revenue Service detailed the increases in its annual inflation Adjustments announced on Tuesday. For single and married individuals who file separate tax returns for the 2025 […]

By John Fenwick

October 23, 2024October 23, 2024

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Social Security Recipients Will Receive a 2.5% COLA Increase in 2025

WASHINGTON (AP) — Millions of Social Security recipients are getting one 2.5% higher cost of living for their monthly checks starting in January, the Social Security Administration announced Thursday. The Cost of Living Adjustmentor COLA, for retirees means an average increase of more than $50 each month, agency officials said. Um 72.5 million People including […]

By John Fenwick

October 12, 2024October 12, 2024

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CPI report: US inflation hits lowest level since February 2021

WASHINGTON (AP) — Inflation in the United States fell last month to its lowest level on record surging more than three years ago, resulting in a flood of encouraging economic news in the final weeks of the presidential campaign. Consumer prices rose just 2.4% year-on-year in September, compared to 2.5% in August, and the smallest […]

By John Fenwick

October 10, 2024October 10, 2024

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Here is the breakdown of inflation for September 2024 – in one chart

David Paul Morris/Bloomberg via Getty Images Inflation fell in September, according to the Consumer Price Index, as lower gasoline prices combined with other easing price pressures in areas such as housing eased the strain on consumers' wallets. According to the US Bureau of Labor Statistics, the consumer price index, a key indicator of inflation, rose […]

By John Fenwick

October 10, 2024October 10, 2024

News

CPI inflation September 2024

The pace of price increases last year took an unexpected step in September as policymakers consider their next move on interest rates, according to a Labor Department report Thursday. The consumer price index, a broad measure of the cost of goods and services across the U.S. economy, rose a seasonally adjusted 0.2% for the month, […]

By John Fenwick

October 10, 2024October 10, 2024

News

McDonald's, the largest French fry maker, is laying off hundreds because of the fast food downturn

It turns out that fast food eaters don't like fries with them. As more customers lose their appetite for fast food due to sky-high prices, North America's largest french fry producer is suffering from the economic slowdown. Lamb Weston, which can produce 250 million pounds of frozen potato products annually in just one facility, announced […]

By John Fenwick

October 9, 2024October 9, 2024

News

McDonald's french fry supplier is suddenly closing its factory and cutting jobs at an alarming rate

A major McDonald's french fry supplier cut jobs and abruptly closed a factory because cash-strapped fast-food customers cut down on their meals or skipped the side dish altogether because of the inflated prices. To combat declining sales, the fast-food giant launched a $5 meal deal this summer that includes a McDouble or McChicken, a four-piece […]

By John Fenwick

October 9, 2024October 9, 2024

News

The US could face shortages and higher retail prices if the longshoremen's strike drags on

NEW YORK (AP) — U.S. ports from Maine to Texas closed this week as the union represented about 45,000 longshoremen went on strike For the first time since 1977. Workers began picketing early Tuesday near ports along the East and Gulf Coasts. A shutdown lasting more than a few weeks would have had the potential […]

By John Fenwick

October 4, 2024October 4, 2024

Tag: inflation

IRS: Taxpayers will get larger standard deductions in 2025

CPI report: US inflation hits lowest level since February 2021

Here is the breakdown of inflation for September 2024 – in one chart

CPI inflation September 2024

McDonald's, the largest French fry maker, is laying off hundreds because of the fast food downturn

McDonald's french fry supplier is suddenly closing its factory and cutting jobs at an alarming rate

The US could face shortages and higher retail prices if the longshoremen's strike drags on

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