Economists told CBS News the calculation is incomplete, since average household incomes have also risen over that time period.

US govt, Microsoft report on Kremlin trolls' latest antics to Make America Grate Again Russia really wants Donald Trump to be the next US President, judging by reports from American government agencies and now Microsoft's threat intelligence team.

Switzerland’s government slashed its inflation forecasts, a move in line with expectations that the central bank will cut interest rates again when officials meet next week.

Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrow

The Federal Reserve will begin a rate-cutting path, as soon as Sept. 18. Inflation and the economy remain hot topics in the presidential election.

Some Bank of Canada officials are increasingly worried about downside risks to inflation as they decide how to set interest rates, while others see them as more balanced.

Canadian inflation matched the central bank’s target last month for the first time in more than three years, smoothing the road for further cuts in interest rates.

Canada's annual inflation rate reached the central bank's target in August as it cooled to 2%, its lowest level since February 2021, data showed on Tuesday. Analysts polled by Reuters had forecast that growth in the consumer price index would slow to an annual rate of 2.