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The affordability illusion

The annual inflation rate of 3.4 percent reported in August 2026 sounds manageable, especially compared to the pandemic-era peak of 9 percent. But a closer look reveals that the day-to-day cost of living is far more troubling.

Fed’s preferred measure of inflation dips to 3.4 percent in August

The Federal Reserve’s preferred measure of inflation dipped in August, as multiple central bank officials have said future interest rate hikes could be on the horizon. The personal consumption expenditures (PCE) price index rose 0.3 percent from July to August and was up 3.4 percent year over year, according to data released Wednesday by the…

Sunday, October 18, 2026

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