Tynin Fries joined The Denver Post in 2018 as an intern. Then, she joined the team as a Digital Strategist and was promoted to Deputy Director of Audience in 2022. She is a proud ASU Cronkite alumna (#godevs)! In between producing news and writing stories, Tynin is out exploring all that Colorado has to offer.
Shoppers carry their purchases in Bradenton, Fla., Friday, Feb. 9, 2024. On Tuesday, March 12, 2024, the Labor Department issues its report on inflation at the consumer level in February.
Excluding volatile food and energy prices, so-called “core” prices also climbed 0.4% from January to February, matching the previous month’s increase and a faster pace than is consistent with the Fed’s 2% target. Core inflation is watched especially closely because it typically provides a better read of where inflation is likely headed.
Overall inflation has plummeted from a peak of 9.1% in June 2022, though it’s now easing more slowly than it did last spring and summer. The prices of some goods, from appliances to furniture to used cars, are actually falling after clogged supply chains during the pandemic had sent prices soaring higher. There are more new cars on dealer lots and electronics on store shelves.
In his State of the Union speech last week, Biden highlighted steps he has taken to reduce costs, like capping the price of insulin for Medicare patients. The president also criticized many large companies for engaging in “price gouging” and so-called “shrinkflation,” in which a company shrinks the amount of product inside a package rather than raising the price.
One factor that could keep inflation elevated is the still-healthy economy. Though most economists had expected a recession to occur last year, hiring and growth were strong and remain healthy. The economy expanded 2.5% last year and could grow at about the same pace in the first three months of this year, according to the Federal Reserve’s Atlanta branch.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weekly Horoscope: February 18 - February 24See what this weekly horoscope has in store for you, including the start of Pisces season bringing big feelings.
Read more »
Indian restaurateurs buy former Steuben’s property in ArvadaTynin Fries joined The Denver Post in 2018 as an intern. Then, she joined the team as a Digital Strategist and was promoted to Deputy Director of Audience in 2022. She is a proud ASU Cronkite alumna (godevs)! In between producing news and writing stories, Tynin is out exploring all that Colorado has to offer.
Read more »
Edgewater food hall tenant closes, files to liquidateTynin Fries joined The Denver Post in 2018 as an intern. Then, she joined the team as a Digital Strategist and was promoted to Deputy Director of Audience in 2022. She is a proud ASU Cronkite alumna (godevs)! In between producing news and writing stories, Tynin is out exploring all that Colorado has to offer.
Read more »
Indy Pass releases 2024-25 pass to the public at same price as last 3 yearsTynin Fries joined The Denver Post in 2018 as an intern. Then, she joined the team as a Digital Strategist and was promoted to Deputy Director of Audience in 2022. She is a proud ASU Cronkite alumna (godevs)! In between producing news and writing stories, Tynin is out exploring all that Colorado has to offer.
Read more »
Sloan’s Lake bagel shop leases on Platte for long-desired second locationTynin Fries joined The Denver Post in 2018 as an intern. Then, she joined the team as a Digital Strategist and was promoted to Deputy Director of Audience in 2022. She is a proud ASU Cronkite alumna (godevs)! In between producing news and writing stories, Tynin is out exploring all that Colorado has to offer.
Read more »
Equal education, unequal pay: Why is there still a gender pay gap in 2024?Tynin Fries joined The Denver Post in 2018 as an intern. Then, she joined the team as a Digital Strategist and was promoted to Deputy Director of Audience in 2022. She is a proud ASU Cronkite alumna (godevs)! In between producing news and writing stories, Tynin is out exploring all that Colorado has to offer.
Read more »