By The Associated Press U.S. stocks drifted to a mixed close near their record heights. The S&P 500 ended little changed Monday and is less than 1 percent below its record set at the end of March. The Dow Jones Industrial Average slipped 0.2 percent, and the Nasdaq composite edged up 0.3 percent. Stocks have […]
Tag: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
