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Read these reports to understand the financial forces that affect daily American life. Discover how exports and imports impact US taxes and debt, plus learn about inflation and other economic indicators.
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Current selection: Economy — inflation
Most countries worldwide rely on the US dollar to support their economy.
The First Republic Bank failure is the second largest in US history. The bank had controlled more than $225 billion in total assets.
Biden highlighted legislative achievements from his past two years and described his economic, health, climate, and safety priorities moving forward.
Rents rose in 58% of all counties nationwide between 2020 and 2023. Data shows that rents rose and dipped between neighboring zip codes.
Recent increases in flight costs reflect broad inflation and higher gas prices.
The Inflation Reduction Act would double the number of employees and expand the auditing capacity of the IRS.
Changing the amount of money there is in the economy is one of the main ways the Federal Reserve tries to control inflation.
Energy and transportation goods and services increased the most in price compared with a year ago, but they have a limited effect on the Consumer Price Index.
While overall inflation is not at Great Recession levels, prices for some items have risen sharply over the past year. Used car prices rose 10% from March, the largest one-month increase since data began in 1953.
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