record high

Inflation

Treasury Secretary Yellen expects inflation to ‘remain high’ – Associated Press

Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when describing the expected run of inflation in the U.S. economy. She added that she was hopeful it would soon be on the decline. “I do expect inflation to remain high although I

Gas Prices

How high gasoline prices are affecting transportation across Phoenix – Cronkite News

Photo: Public transit fare machine The dramatic rise in fuel prices across the country has prompted ride-hailing companies to add surcharges and pushed commuters to seek more cost-effective methods of transportation. Arizona is among the top 10 most expensive markets for gas, averaging $4.62 a gallon, according to AAA data. AAA spokesperson John Treanor said

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