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Tag: Inflation

IRS: Taxpayers will get larger standard deductions in 2025

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IRS: Taxpayers will get larger standard deductions in 2025

NEW YORK (AP) — U.S. taxpayers will again see higher standard deductions in 2025, allowing them to shield more of their money from taxes on future earnings. The Internal Revenue Service detailed the increases in its annual inflation Adjustments announced on Tuesday. For single and married individuals who file separate tax returns for the 2025 […]

US inflation hits its lowest level in three years

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US inflation hits its lowest level in three years

U.S. inflation has hit its lowest level since the start of 2021, marking a cooling trend in three years of economic price pressures. The Labor Department reported Thursday that consumer prices rose 2.4 percent in September compared with the same month last year, down slightly from 2.5 percent in August. This is the smallest annual […]

CPI report: US inflation hits lowest level since February 2021

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CPI report: US inflation hits lowest level since February 2021

WASHINGTON (AP) — Inflation in the United States fell last month to its lowest level on record surging more than three years ago, resulting in a flood of encouraging economic news in the final weeks of the presidential campaign. Consumer prices rose just 2.4% year-on-year in September, compared to 2.5% in August, and the smallest […]

The inflation rate is 2.4%, exceeding expectations

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The inflation rate is 2.4%, exceeding expectations

The pace of price increases last year was higher than forecast in September, while jobless claims saw an unexpected rise after Hurricane Helene and the Boeing strike, the Labor Department reported Thursday. The consumer price index, a broad measure of the cost of goods and services across the U.S. economy, rose a seasonally adjusted 0.2% […]

McDonald's, the largest French fry maker, is laying off hundreds because of the fast food downturn

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McDonald's, the largest French fry maker, is laying off hundreds because of the fast food downturn

It turns out that fast food eaters don't like fries with them. As more customers lose their appetite for fast food due to sky-high prices, North America's largest french fry producer is suffering from the economic slowdown. Lamb Weston, which can produce 250 million pounds of frozen potato products annually in just one facility, announced […]

McDonald's french fry supplier is suddenly closing its factory and cutting jobs at an alarming rate

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McDonald's french fry supplier is suddenly closing its factory and cutting jobs at an alarming rate

A major McDonald's french fry supplier has cut jobs and abruptly closed a factory as cash-strapped fast-food customers cut back on their meals or forego the side dish altogether because of the inflated prices. To combat declining sales, the fast-food giant launched a $5 meal deal this summer that includes a McDouble or McChicken, a […]