The Inflation Reduction Act Is a Huge Health Care Reform

America is determining the shape of health care affordability into the future.

#health-insurance-and-managed-care, #inflation-reduction-act-of-2022, #insulin, #medicare, #prices-fares-fees-and-rates

Can the F-150 Lightning Make Everyone Want a Truck That Plugs In?

Welcome to Commerce, Ga., the Battery Belt.

#automobiles, #batteries, #electric-and-hybrid-vehicles, #ford-motor-co, #fuel-emissions-transportation, #georgia, #prices-fares-fees-and-rates, #sk-group, #trucks-and-trucking

The Climate Bill’s “Greenflation” Will Be Worth It

Getting off fossil fuels can bring price stability and significant savings, but consumers may also face “greenflation.”

#alternative-and-renewable-energy, #electric-and-hybrid-vehicles, #greenhouse-gas-emissions, #inflation-reduction-act-of-2022, #prices-fares-fees-and-rates, #supply-chain, #united-states, #united-states-economy, #water-heaters

For Electric Vehicle Makers, Winners and Losers in Climate Bill

Carmakers may need several years to revamp their supply chains to meet new rules, but the legislation is still seen as a win for electric vehicles.

#alliance-for-automotive-innovation, #automobiles, #batteries, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #fuel-emissions-transportation, #general-motors, #global-warming, #greenhouse-gas-emissions, #inflation-reduction-act-of-2022, #law-and-legislation, #prices-fares-fees-and-rates, #sports-utility-vehicles-and-light-trucks, #stabenow-debbie, #supply-chain, #tax-credits-deductions-and-exemptions, #tesla-motors-inc, #united-states-politics-and-government

Gas Prices in the U.S. Fall Below $4 a Gallon

After peaking in mid-June, they have tracked a global decline in oil prices and are back where they were in March.

#american-automobile-assn, #automobiles, #diesel-power, #gasoline-tax-us, #inflation-economics, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy

Markets Rise Sharply, Seizing on Inflation Numbers

#banking-and-financial-institutions, #consumer-price-index, #federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states, #united-states-economy

Inflation Cooled in July, Welcome News for White House and Fed

Prices have increased rapidly since last year, but barely budged in July — a positive development, though not yet enough for a victory lap.

#biden-joseph-r-jr, #federal-reserve-system, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #renting-and-leasing-real-estate, #united-states-economy, #used-cars

What Today’s Inflation Report Means for the Federal Reserve

Fed officials are waiting for an inflation slowdown, and economists have predicted that this could mark the start of a deceleration.

#consumer-price-index, #federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates

Gas Prices Have Fallen 57 Straight Days

The decline in the cost of filling up at the pump has been a big factor in easing inflation.

#inflation-economics, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates

Medicare Recipients Could Find Drug Cost Relief in Health Bill

Starting in 2025, Medicare recipients with prescription drug coverage will not have to pay more than $2,000 annually for medications, a significant savings for some.

#diabetes, #drugs-pharmaceuticals, #health-insurance-and-managed-care, #inflation-reduction-act-of-2022, #insulin, #law-and-legislation, #medicare, #pharmaceutical-research-and-manufacturers-of-america, #prices-fares-fees-and-rates

Electric Cars Are Too Costly for Many, Even With Aid in Climate Bill

Battery-powered vehicles are considered essential to the fight against climate change, but most models are aimed at the affluent.

#automobiles, #electric-and-hybrid-vehicles, #global-warming, #inflation-reduction-act-of-2022, #law-and-legislation, #prices-fares-fees-and-rates, #tax-credits-deductions-and-exemptions, #tesla-motors-inc, #used-cars

Inflation Hits New York: $15 French Fries and $18 Sandwiches

As food prices rise at the fastest rate in decades, it’s become more expensive to eat and drink in New York City.

#farmersmarkets, #inflation-economics, #new-york-city, #personal-finances, #prices-fares-fees-and-rates, #restaurants

Can Global Shipping Be Fixed? One Regulator Will Try.

The Federal Maritime Commission, traditionally obscure, has been cast by Congress and the administration to help lead the campaign to tame inflation.

#biden-joseph-r-jr, #content-type-personal-profile, #federal-maritime-commission, #inflation-economics, #law-and-legislation, #maffei-daniel-b, #ports, #prices-fares-fees-and-rates, #ships-and-shipping, #trucks-and-trucking, #united-states-economy, #united-states-politics-and-government

The vote was a major victory for…

The vote was a major victory for President Biden and Democrats, who are battling to maintain their slim House and Senate majorities in November’s midterm congressional elections.

#biden-joseph-r-jr, #democratic-party, #drugs-pharmaceuticals, #global-warming, #health-insurance-and-managed-care, #inflation-reduction-act-of-2022, #medicare, #prices-fares-fees-and-rates, #senate, #united-states-politics-and-government

Travel Troubles

Two Times reporters answered your travel questions to help you navigate this hectic vacation season.

#airlines-and-airplanes, #internal-storyline-no, #luggage-and-packing, #prices-fares-fees-and-rates, #travel-agencies-and-agents, #travel-and-vacations

How Argentines Cope With Inflation That’s 64% and Rising

With the world grappling with rising prices, a tour through Argentina reveals that years of inflation can give rise to a truly bizarre economy.

#argentina, #buenos-aires-argentina, #economic-conditions-and-trends, #prices-fares-fees-and-rates, #united-states-economy

How This Economic Moment Rewrites the Rules

Jobs aplenty. Sizzling demand. If the United States is headed into a recession, it is taking an unusual route, with many markers of a boom.

#biden-joseph-r-jr, #consumer-behavior, #coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #labor-and-jobs, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #williston-nd

Good News on Jobs May Mean Bad News Later as Hiring Spree Defies Fed

Employers hired rapidly and paid more in July, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.

#biden-joseph-r-jr, #federal-reserve-system, #hiring-and-promotion, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries, #white-house-council-of-economic-advisers

Democrats’ Long-Sought Plan for Lowering Drug Costs Is at Hand

Empowering Medicare to negotiate prices directly with drug makers has been a Democratic goal for 30 years, one the pharmaceutical industry has fought ferociously.

#biden-joseph-r-jr, #drugs-pharmaceuticals, #federal-budget-us, #health-insurance-and-managed-care, #law-and-legislation, #medicare, #prices-fares-fees-and-rates, #united-states-politics-and-government

More Americans Are Going Hungry, and It Costs More to Feed Them

The director of the nation’s largest network of food banks is seeing support dwindle as need rises: “You’re in the middle of a battle, and people are leaving the field.”

#babineaux-fontenot-claire, #families-and-family-life, #feeding-america, #food-banks-and-pantries, #food-insecurity, #inflation-economics, #philanthropy, #prices-fares-fees-and-rates, #tabithas-way-local-food-pantry, #wages-and-salaries

U.S. Bid to Cap Russian Oil Prices Draws Skepticism Over Enforcement

The maritime insurance industry says policing oil transactions is not workable, raising questions about enforcement of a buyers’ cartel.

#embargoes-and-sanctions, #europe, #european-union, #group-of-seven, #international-relations, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #russia, #russian-invasion-of-ukraine-2022, #treasury-department, #united-states-economy, #yellen-janet-l

How Much Does Your M.R.I. Cost? Buy It First to Find Out.

Across the country, thousands of hospitals have largely ignored price transparency laws.

#health-insurance-and-managed-care, #hospitals, #prices-fares-fees-and-rates, #united-states

What Drives the Price of Wheat, Beyond War in Ukraine

The price has fallen sharply from its peak after one major producer, Russia, invaded another, Ukraine. But that hasn’t ended fears of a global hunger crisis.

#agriculture-department, #fertilizer, #food, #futures-and-options-trading, #global-warming, #international-relations, #prices-fares-fees-and-rates, #russia, #russian-invasion-of-ukraine-2022, #shortages, #ukraine, #wheat

Europe’s Race to Secure New Energy Sources Is on a Knife’s Edge

A long-term switch to more renewable sources has been overtaken by a short-term scramble to stave off a crisis.

#arcelormittal-sa, #coal, #europe, #factories-and-manufacturing, #gazprom, #heating, #natural-gas, #pipelines, #prices-fares-fees-and-rates, #russian-invasion-of-ukraine-2022, #weather, #winter-season

Pay growth and prices picked up, keeping the Fed on track for rate increases.

The Federal Reserve’s preferred inflation gauge climbed rapidly in June. Wage and benefit gains are fast, too, separate data showed.

#federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

How Do Workers’ Wages Relate to Inflation?

Why workers’ pay has become central to inflation debates.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #layoffs-and-job-reductions, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

Climate Bill ‘Transformative’ for Auto and Energy Industries

The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing at China’s expense.

#automobiles, #batteries, #carbon-capture-and-sequestration, #china, #democratic-party, #electric-and-hybrid-vehicles, #energy-and-power, #factories-and-manufacturing, #fuel-efficiency, #fuel-emissions-transportation, #global-warming, #greenhouse-gas-emissions, #infrastructure-public-works, #law-and-legislation, #manchin-joe-iii, #methane, #natural-gas, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #reicher-dan-w, #stokes-leah, #tax-credits-deductions-and-exemptions, #united-states, #united-states-economy, #united-states-politics-and-government, #used-cars, #warren-mich

Democrats’ Plan to Fight Inflation May Lower Costs Over Time

A package of tax increases, lower drug prices and other provisions aimed at reducing the federal budget deficit could alleviate rapid price gains.

#biden-joseph-r-jr, #democratic-party, #drugs-pharmaceuticals, #inflation-economics, #medicare, #prices-fares-fees-and-rates, #tax-credits-deductions-and-exemptions

Consumer spending continues to shift from goods to services.

Americans spent only a little more in the second quarter overall, as a decrease in purchases of stuff was offset by experiences.

#consumer-behavior, #food, #gross-domestic-product, #inflation-economics, #prices-fares-fees-and-rates, #restaurants, #supply-chain, #united-states-economy

How Expecting Inflation Can Actually Create More Inflation

By raising interest rates, the Federal Reserve hopes to prevent consumers from believing higher prices will last forever.

#audio-neutral-informative, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #united-states-economy

Federal Reserve Makes Another Supersized Rate Increase to Tame Inflation

The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.

#consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #mortgages, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

How Will Interest Rate Increases Impact Inflation?

The Federal Reserve is raising interest rates to fight inflation. Some economists want more; some politicians want less. What’s the logic?

#consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #summers-lawrence-h, #supply-chain, #united-states-economy, #warren-elizabeth

How U.S. Inflation Expectations Are Being Shaped by Consumer Choices

Economic policymakers are razor focused on inflation expectations after more than a year of rapid price increases. Consumers explain how they’re thinking about rising costs.

#federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates, #supermarkets-and-grocery-stores, #united-states, #united-states-economy, #wages-and-salaries

The Case of the $5,000 Springsteen Tickets

Triumphant fans showed up in Ticketmaster’s queue with special codes, only to encounter its “dynamic pricing” system. Was the Boss OK with that?

#live-nation-entertainment-inc, #personal-finances, #prices-fares-fees-and-rates, #springsteen-bruce, #ticket-scalping, #ticketmaster

New York Renters Are Now Paying the Price for the ‘Covid Discount’

More than 40 percent of the available units in Manhattan currently come from tenants priced out of apartments they leased in 2020 and 2021, according to a new StreetEasy report.

#coronavirus-2019-ncov, #covid-discount, #landlords, #manhattan-nyc, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #rent-control-and-stabilization, #renting-and-leasing-real-estate, #streeteasy

A Global Inflation Crisis

Big price increases are not exclusive to the U.S.

#american-rescue-plan-2021, #inflation-economics, #internal-storyline-no, #prices-fares-fees-and-rates, #united-states-economy

After Enduring a Pandemic, Small Businesses Face New Worries

It has been a tough few years for companies without the scale to cruise through disruption. Making money isn’t getting any easier.

#coronavirus-2019-ncov, #entrepreneurship, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #recession-and-depression, #small-business, #united-states-economy

Fed Prepares Another Rate Increase as Wall Street Wonders What’s Next

Central bankers around the world have been picking up the pace of rate increases. Now the big question looms: When will they slow down?

#banking-and-financial-institutions, #consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

As Prices Soar in Ukraine, War Adds Economic Havoc to the Human Toll

Fuel prices are up 90 percent from a year ago. Food costs have surged over 35 percent. Many people, with incomes no higher than before the war, are being squeezed.

#food, #inflation-economics, #lviv-ukraine, #national-bank-of-ukraine, #prices-fares-fees-and-rates, #russian-invasion-of-ukraine-2022, #ukraine, #wages-and-salaries

How to Cope With Financial Stress

Experts share tips on how to feel empowered and manage stress as prices continue to rise.

#anxiety-and-stress, #budgets-and-budgeting, #finances, #inflation-economics, #prices-fares-fees-and-rates, #united-states-economy

Biden’s New Economic Scorecard: The Price at the Pump

The president has grown fond of boasting about a prolonged streak of falling gasoline prices, a move wrapped in risk and irony.

#biden-joseph-r-jr, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy, #united-states-politics-and-government

Cheaper Gas

Prices have now fallen for more than a month.

#inflation-economics, #internal-storyline-no, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy

Why Republicans Are Having Gas Pains

Their focus on gas prices is profoundly stupid. If it’s coming back to bite themparty, that’s just poetic justice.

#biden-joseph-r-jr, #hydraulic-fracturing, #inflation-economics, #midterm-elections-2022, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #republican-party, #united-states-politics-and-government

ECB Surprises With Big Rate Rise, Its First in 11 Years

Policymakers are trying to slow soaring inflation while avoiding a recession among the countries that use the euro.

#banking-and-financial-institutions, #economic-conditions-and-trends, #europe, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #lagarde-christine, #prices-fares-fees-and-rates

Italy Is Haunted by the Pain of Past Economic Crises

As the European Central Bank prepares to raise interest rates for the first time in more than a decade, the challenges for one of the bloc’s largest economies balloon again.

#credit-and-debt, #currency, #economic-conditions-and-trends, #european-central-bank, #european-union, #inflation-economics, #interest-rates, #italy, #prices-fares-fees-and-rates, #recession-and-depression

Global Central Banks Ramp Up Inflation Fight

Central banks in the U.S., Europe, Canada and parts of Asia are lifting interest rates rapidly as they try to wrestle breakneck inflation under control.

#bank-of-canada, #currency, #economic-conditions-and-trends, #european-central-bank, #federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #recession-and-depression, #swiss-national-bank, #united-states-economy

Inflation Has Unmasked the Depths of Our Affordability Crisis

Sky-high prices are only part of the problem.

#center-for-economic-and-policy-research, #democratic-party, #drugs-pharmaceuticals, #liberalism-us-politics, #prices-fares-fees-and-rates, #republican-party, #united-states-economy, #united-states-politics-and-government

Voters See a Bad Economy, Even if They’re Doing OK

A New York Times/Siena poll shows remarkable pessimism despite the labor market’s resilience. That could be costly for the Democrats, and the economy.

#biden-joseph-r-jr, #consumer-behavior, #democratic-party, #inflation-economics, #polls-and-public-opinion, #prices-fares-fees-and-rates, #recession-and-depression, #republican-party, #united-states-economy, #united-states-politics-and-government

Why Markets Shrugged Off Bad Inflation News

An ugly report may not be the shape of things to come.

#federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #stocks-and-bonds, #united-states-economy

High Inflation in June Puts Pressure on Interest Rates

Prices climbed 9.1 percent from a year earlier, ramping up pressure on the Federal Reserve to continue raising interest rates.

#biden-joseph-r-jr, #federal-reserve-system, #food, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy