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For nearly a year, inflation has been hammering Americans. Every month when the Consumer Price Index report gets released, rates have stayed high or gone higher. Hopes that elevated prices were beginning to settle were dashed Friday morning when the Bureau of Labor Statistics (BLS) released data showing that the CPI, its broad measure for prices of goods and services, reached 8.6% for the month of May. The number represents the highest level of inflation in the U.S. since 1981, and it has top… Source link

Washington Commanders defensive coordinator Jack Del Rio was fined $100,000 by head coach Ron Rivera after Del Rio called the Capitol assault a “dust up” at team minicamp Wednesday. Rivera released a statement through the team’s official Twitter account. He called the events of Jan. 6, 2021 “an act of domestic terrorism.” Rivera said Del Rio’s comments were “extremely hurtful to our great community here in the DMV,” a nickname for the area encompassing the District of Columbia, Maryland, and… Source link

The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. In today’s society, finger pointing has replaced accountability. Instead of owning up to our shortcomings, we increasingly want to blame others. So it was refreshing that in a recent CNN interview, Janet Yellen, the first female U.S. Treasury Secretary, said that she had been wrong in her early predictions that inflation would be transitory. With welcome candor, she admitted… Source link

This article is part of our Yahoo DFS Baseball series. There are no day games Friday, so get ready for a packed night of baseball. Two storied franchises will face each other when the Yankees host the Cubs in the first game of a three-game series. Two divisional rivals will face off in another exciting series between the Dodgers and Giants. On the injury front, Tylor Megill, who has been out for nearly a month with a biceps injury, will make his return for the Mets when they take on… Source link

Jayson Tatum and the Celtics host the Warriors for Game 4 leading the series 2-1.  Golden State made a third-quarter run to make it competitive, but it felt like Boston would never lose Game 3 after a dominating opening frame. The crowd and energy in the building were electric, and it’s going to be tough for the Warriors to win in TD Garden. We have Game 4 in that building once again, so let’s get started with the injury report! Create the optimal lineup using our NBA DFS lineup… Source link

Dust off your recession preparation handbook you used back in 2008-2009 as the setup exists for a severe recession not too far off in the future, warns one business cycle expert. “The job market is pretty tight, so therefore this could mean a mild recession. I don’t think that’s knowable just yet. One of the things that we are seeing from our research — because we do look at 22 economies around the world — is that there is a setup for a more severe recession. A more international… Source link

Inflation continued to surge in May, increasing at the quickest pace in 40 years as consumers face rising challenges at the gas station and grocery store. The Consumer Price Index (CPI) published Friday by the Bureau of Labor Statistics rose 8.6% from a year ago, up from April’s reading of 8.3% and higher than economists had projected. Federal Reserve policymakers tasked with bringing prices back down to earth are likely to take cues from May’s CPI report on how aggressively they need to… Source link

Energy prices saw the biggest one year jump since 2005 last month amid a hotter than expected inflation print. The energy index rose 3.9% last month according to the Bureau of Labor Statistics’ Consumer Price Index (CPI) published Friday after a 2.7% decline in April. Gasoline, fuel oil and natural gas prices all increased in May. Gasoline prices rose 4.1% month-over-month, fuel oil spiked 16.9% from the prior month, and natural gas also rose 8% during the same span. The energy index rose 34.6%… Source link

(Bloomberg) — US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. Most Read from Bloomberg The consumer price index increased 8.6% from a year earlier in a broad-based advance, Labor Department data showed Friday. The widely followed inflation gauge rose 1% from… Source link

U.S. consumer prices accelerated in May to the highest since 1981, as Americans grapple with a surge in the cost of gas, food, and shelter, data showed Friday. The Bureau of Labor Statistics’ May Consumer Price Index (CPI) showed a year-over-year increase of 8.6% last month, up from 8.3% in April. Economists were expecting an 8.3% increase in May, according to estimates compiled by Bloomberg. On a monthly basis, the broadest measure of inflation climbed 1.0%, compared to 0.3% in April. “Core”… Source link