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Here’s why beef is still pricey

New York CNN  —  A slowing economy may lead to a decline in sales of pricey beef cuts, but don’t look for any bargains just yet. Market forces that have been building for a long time, including devastating droughts, will likely keep hamburger and steak prices steady — and relatively expensive. In part, that’s because […]

The Fed’s favorite inflation measure cooled in February

Minneapolis CNN  —  The Federal Reserve’s preferred inflation gauge cooled back down in February after ticking up unexpectedly the month before, a welcome sign in the central bank’s long battle to bring down historic price increases. The Personal Consumption Expenditures price index rose 5% for the 12 months ended in February, lower than January’s downwardly […]

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