Inflation cooled significantly in October, offering relief for consumers Tuesday, November 14 by ABC News(WASHINGTON) -- Consumer prices rose 3.2% in October compared to a year ago, cooling significantly from the previous month and exceeding economist expectations. The data indicates progress in the Federal Reserve's fight to reduce inflation.The results mark a half-percentage-point decline from the annual inflation... Read More.
Chipotle, McDonald’s executives on how costs could hit consumers when California minimum wage increases Thursday, November 2 by ABC News(NEW YORK) -- The cost of doing business in California could soon be slightly more expensive with minimum wages set to increase in April. But what does that mean for menu prices at fast food restaurants that employ hourly workers?A spokesperson for Chipotle confirmed... Read More.
FTC proposes new rule to ban junk fees, potentially saving consumers ‘tens of billions’ Wednesday, October 11 by ABC News(WASHINGTON) -- The Federal Trade Commission is proposing a new rule that seeks to eliminate junk fees -- those hidden costs that can unexpectedly push up prices consumers pay at checkout.The proposed rule would apply to many industries across the economy, including event tickets,... Read More.
Panama Canal’s low water levels could become headache for consumers Thursday, August 31 by ABC News(NEW YORK) -- Low water levels at the Panama Canal are causing a traffic jam at the historic trading route that connects the Atlantic and Pacific Oceans, threatening to ensnarl the holiday shipping season and raising alarm among canal officials.The 109-year-old canal works through... Read More.
Consumers push back on higher prices amid inflation woes Monday, May 8 by ABC News(NEW YORK) -- McDonald's customers are more reluctant to add fries to their order, grocery shoppers are less willing to swallow the elevated price of Unilever mayonnaise and Target customers are balking at some high-priced items.Executives from each of these companies mentioned the respective... Read More.
High interest rates hammer consumers seeking mortgage or car loans Saturday, March 25 by ABC News(NEW YORK) -- The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered blame for the financial distress.Instead, the Federal Reserve on Wednesday imposed another hike, extending a yearlong blitz of... Read More.
Moderna says its COVID vaccine will remain free for all consumers, even those uninsured Thursday, February 16 by ABC News(NEW YORK) -- Moderna will keep its COVID vaccine on the market at no cost to consumers, even after the federal government stops paying for it, the company announced Wednesday."Everyone in the United States will have access to Moderna's COVID-19 vaccine regardless of their... Read More.
ABC News exclusive: FAA calls on laser manufacturers to warn consumers of risks for planes Thursday, February 9 by ABC News(NEW YORK) -- After nearly 9,500 laser strikes were reported against aircraft last year, U.S. officials are calling on manufacturers to warn customers of potential risks.The acting administrator of the Federal Aviation Administration, Billy Nolen, wrote to laser manufacturers and distributors on Thursday asking... Read More.
Inflation slowed in November, offering relief for consumers Thursday, December 15 by ABC News(WASHINGTON) -- Consumer prices rose 7.1% last month compared to a year ago, continuing a monthslong decline from a 40-year record reached over the summer.Economists had predicted a CPI increase of 7.2%.Monthly inflation also fell significantly. Prices rose 0.1% in November, cooling down from... Read More.
Kroger holds off passing turkey costs onto consumers, outlook for prices through new year Tuesday, November 22 by ABC News(NEW YORK) -- Americans may be feeling the pinch at grocery store checkouts, but the largest chain in the country has shared some positive news ahead of the holiday season."Our turkey costs are up about 20%, but we decided early on to not pass... Read More.
