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News
AI boom, stubborn inflation point to rate hike ahead, says Minneapolis Fed President
2+ mon, 2+ week ago (31+ words) Neel Kashkari revealed he expects the Federal Reserve to hike rates this year and highlighted ongoing causes of high inflation. Minneapolis Fed President says he expects a rate hike this year...
Minnesota kicks the can on gas line extension allowances
2+ mon, 3+ week ago (764+ words) Welcome back to Headwinds! Earlier this month, state regulators set new rules governing how the state’s gas utilities bring service to new customers. The Minnesota Public Utilities Commission’s summary of the (detailed, wonky) decision highlights three notable elements: The third…...
Trump is facing a new inflation warning from the bond market, adding to his midterm challenges
3+ mon, 1+ week ago (38+ words) The world is getting more uptight about lending money to President Donald Trump’s government. The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government....
The first inflation report under new Fed chief Kevin Warsh shows prices at highest in nearly 3 years
3+ mon, 2+ week ago (359+ words) Updated on: May 28, 2026 / 8:10 AM CDT / CBS News The first inflation report under new Federal Reserve chief Kevin Warsh was released on Thursday, and it shows consumer prices in April were at their highest level in almost three years. The personal…...
Inflation and affordability aren't the same thing, but here's where they intersect for most
3+ mon, 2+ week ago (34+ words) Dustin Smith, with Wealth Enhancement Group, shares a few explanations to understand what "affordability" means in the context of inflation. Inflation and affordability aren't the same thing, but here's where they intersect for most...
Higher gas prices are leading to higher inflation overall, latest Consumer Price Index says
4+ mon, 5+ hour ago (439+ words) MINNESOTA, USA — When you work in the courier business like Benjamin Biancini at St. Paul Courier, you spend a lot of money on gas. "I'm doing 20 to 25 loads today. We're running all over the metro,” Biancini said. “Our drivers are…...
Inflation jumps to its highest level since 2023. Here are 3 things costing a lot more
4+ mon, 17+ hour ago (27+ words) Gasoline prices have jumped about $1.50 a gallon since the U.S. launched its war with Iran. Rising fuel prices are a big driver of overall inflation....
Real World Economics: The Fed of old, and of today
6+ mon, 2+ week ago (786+ words) Our nation is in a dangerous economic situation this year. A financial crisis worse than that of 2007-09 is now possible, because of the ways markets have developed, and because the Federal Reserve let this happen. Some economists, including me, believe…...
Real World Economics: When Fed’s mandates are in conflict
11+ mon, 4+ week ago (820+ words) Both Sen. Hubert Humphrey and Rep. Augustus Hawkins were raised in religious families. Yet when drafting their Full Employment and Balanced Growth Act in 1977, they forgot to apply Jesus’ warning in Matthew 6 to the Federal Reserve, paraphrasing that “no central…...
Gas prices add pressure on consumers, Federal Reserve holds rates steady as inflation concerns persist
5+ mon, 3+ week ago (352+ words) MINNEAPOLIS — The Federal Reserve on Wednesday chose to keep interest rates unchanged, as concerns about rising costs continue to weigh on consumers. While the central bank pointed to economic activity expanding at a solid pace, some Minnesotans say the cost…...