U.S. inflation hits 41-year high Inflation hit a fresh 40-year record in June, with consumer prices increasing 9.1% over the last 12 months, the Labor Department said Wednesday.

The CBO forecast a slightly slower U.S. economic growth rate, at 1.9% for 2025, compared to 2.0% in the June forecasts, with growth averaging 1.9% over the 2024-2034 window. NO 'SUDDEN STOP' ...

The Congressional Budget Office (CBO) projected Friday that the federal budget deficit would hit $1.9 trillion in fiscal 2025. The nonpartisan budget scorekeeper estimated that federal spending wou… ...

Consumer prices soared 9.1 percent compared with a year earlier, the government said Wednesday, the biggest yearly increase since 1981, and up from an 8.6 percent jump in May.

The pace of inflation sped up to 1.9 per cent in the month of June as costs for cars and clothes increased, Statistics Canada said Tuesday. Passenger vehicles prices rose significantly in June ...