Joseph Llobrera

At least 3.5 million people have lost food stamp access as Trump's 'big beautiful bill' cuts take effect, analysis finds

Consumers are facing price pressures as the costs of groceries and gas rise. The pace of inflation is expected to increase in the coming months, according to the Survey of Professional Forecasters, a quarterly macroeconomic survey from the Federal Reserve Bank of Philadelphia. Meanwhile, there has been a "remarkable increase in food insecurity," the Federal Reserve Bank of New York said in a recent blog post, as people cope with higher costs and the loss of federal aid.