Author: Paul Davidson, USA TODAY

Inflation hit another 40-year high of 8.5% in March, but some economists believe the rise in the consumer price index has peaked. Others disagree.

The inflation rate hit 8.5% annually in March, a new 40-year high, on surging gasoline and food prices. Inflation likely has peaked, economists say.

The South and West regions lead in recovering jobs lost during the pandemic. Though some states may never return to prior levels.

Employers added 431,000 jobs in March as COVID-19 eased, inflation spiked and market volatility continued. The unemployment rate fell to 3.6%.

Most workers who quit jobs during the Great Resignation regret leaving or starting a new position, or don’t plan to stay at their new gig.

Most workers who quit jobs during the Great Resignation regret leaving or starting a new position, or don’t plan to stay at their new gig.

Slow deliveries are caused more by soaring consumer demand amid COVID-19 than a broken supply chain, some experts say.

Powell says Federal Reserve is prepared to raise interest rate more sharply to fight inflation. That could include a half point hike at some meetings.

The Federal Reserve raised rates to battle inflation that’s at a 40-year high. It forecast six more hikes in 2022.

How the Federal Reserve’s first rate hike in more than three years on Wednesday will affect credit card, mortgage, auto loan and savings rates.