What is the Federal Reserve going to do about rising inflation? Federal Reserve Chairman Jerome Powell spoke this morning about the Fed’s plans, as covered by CNBC. Two consumer goods are driving a third of the inflationary price spike. Economists offer analysis on what to expect. If you’re retired, you may be overlooking beneficial tax breaks. Kiplinger reports on the ten most overlooked ways to save on your taxes.
Powell Says The Fed Is Still A Ways Off From Altering Policy, Expects Inflation To Moderate — Federal Reserve Chairman Jerome Powell said this morning, “Conditions in the labor market have continued to improve, but there is still a long way to go,” adding that inflation has “increased notably” due mostly to temporary factors. Read more…
Prices Pop Again, And Fed And White House Seek To Ease Inflation Fears — Prices for previously owned cars and trucks rocketed higher and accounted for more than a third of the 5.4% consumer price increase this year. Economists argue that inflation should level off as the car supply picks up, consumer spending returns to more normal patterns, and companies rehire and expand capacity. Read more…
The Most-Overlooked Tax Breaks For Retirees — Seniors often miss tax-saving opportunities that are available to them. Here are ten tax breaks you should consider. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller