Forest Lake gas station briefly halves prices
For 90 minutes Sunday, a Forest Lake gas station dropped its prices more than $2 a gallon. David Schuman shares the statement they were trying to make about inflation.
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For 90 minutes Sunday, a Forest Lake gas station dropped its prices more than $2 a gallon. David Schuman shares the statement they were trying to make about inflation.
The national average has fallen for four straight weeks. Minnesota's gas average is $4.50 per gallon.
"This year it's everything, its fuel, fertilizer, herbicide," farmer Kevin Freking said. "It's all the way down to the twine that we use, it's, costs have gone up on everything."
From gas to groceries, Americans are feeling the stress of rising prices. WCCO's Kirsten Mitchell shows us how farmers feeling the pinch are having to make changes.
The start of the school year might feel far away, but not if you're out shopping. Several stores already have shelves stocked with supplies along with deals
Susan-Elizabeth Littlefield visited one bakery in River Falls, Wisconsin, that is closing as the prices of eggs and butter have surged.
According to data from The Knot, 2.6 million couples are getting married this year. That's almost 500,000 more than an average year.
As record-high inflation and gas prices take a toll of Minnesota families, food shelves are preparing for what could be the hungriest summer yet.
The S&P 500 tumbled even more Thursday, putting it firmly into a bear market. That's not an official term, but more of an arbitrary marker as investors worry about the future.
The S&P 500 tumbled even more Thursday, putting it firmly into a bear market.
More households in Minnesota are qualifying for a federal program that provides assistance with food. And, it comes at a time when inflation has caused grocery prices to rise.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Jeff Wagner learned the circumstances now are much different than the recession over a decade ago.
Stocks fell again Tuesday ahead of the Federal Reserve's impending announcement on interest rates. This week's losses come on worries that high inflation will push the central bank to hit the brakes too hard to slow demand.
Markets don't react well to volatility, which doesn't bode well when many Americans are increasingly anxious about an economic downturn.
A new survey shows nearly 70 percent of economists think we're in for a recession. The issue at hand is high inflation.
In an effort to rein in inflation, the Federal Reserve later this week is expected to meet and raise interest rates.
In an effort to rein in inflation, the Federal Reserve is expected to meet and raise interest rates later this week.
The stock market took a deep dive on Friday after the CPI was released: the S&P 500 dropped 117 points, or 2.9%, to 3,901. The Dow Jones industrial Average dropped 2.7%, and the tech-heavy Nasdaq sank 3.5%.
