Inflation

IRS Projects Surge in Tax Collection Amidst Allocation of Additional Funds

The IRS announced plans to significantly boost tax revenue by pursuing outstanding taxes, exceeding previous estimates, thanks to allocations from ...
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IRS Initiates Innovative Programs for a Smoother 2024 Tax Season Kickoff

With the start of the 2024 tax season, the Internal Revenue Service (IRS) is implementing new initiatives to improve the ...
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Oil Shockwaves: The US Yemen Attack and Its Potential Effects on Inflation and Energy Costs

The United States, in collaboration with the United Kingdom, launched airstrikes against Houthi targets in Yemen.  The military operation was ...
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Investor Alert: Thursday’s Inflation Data Could Shake Up Market Expectations for Fed Cuts

Investors are closely monitoring the anticipation of a marginal uptick in December inflation, which could pose a challenge to the ...
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US Economic Trends Ring Familiar to the 1970s Era, Observes Jamie Dimon

US economic stability faces uncertainty as JPMorgan Chase’s CEO, Jamie Dimon, expresses doubts about the Federal Reserve’s capability to navigate ...
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IRS Declares January 29 as the Launch Date for 2024 Tax Season

The IRS made an official announcement on Monday, marking January 29 as the commencement of the 2024 tax season, anticipating ...
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World Shares Reach Near Two-Year Highs, UK Bond Yields Shake Markets

World shares reached their highest point since March 2022 on Wednesday, buoyed by a significant drop in inflation that surpassed ...
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Inflation’s Respite: How the Changing Economic Landscape Affects Biden’s Prospects

Inflation has been a lingering concern for the US Federal Reserve, European Central Bank, and the Bank of England, all ...
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University of Michigan Survey Shows Sharp Drop in Inflation Expectations

The latest University of Michigan consumer sentiment survey released on Friday, consumer concerns regarding inflation have significantly decreased in December, ...
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401(k) Status Report: Concerns Over Decreased Savings and Increased Withdrawals, Yet Positives Remain

Retirement savers have faced a year of contrasting fortunes. While many have seen their 401(k) balances gradually recover from the ...
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