What does 2025 hold for interest rates, inflation and the American consumer?
Some people expected a downturn in 2022 – and again in 2023 and 2024 – due to the Federal Reserve’s hawkish interest-rate ...
The Fed’s go-to inflation gauge ticked up less than expected last month
The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were ...
Inflation was the cause, not the result, of the ‘hot’ labor market, research shows
Back in 2022, when the labor market was so hot that Beyoncé even released a song about it, Americans were job hopping in large numbers, boosting their salary in the process.
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Eggs boost US producer prices in November, but services inflation slowing
A surge in the price of eggs amid an avian flu outbreak accounted for much of the bigger-than-expected rise in producer ...
November PCE: Key fed inflation gauge rose 2.4% annually
The Personal Consumption Expenditures index climbed by 0.1% in November on a month-over-month basis, the Bureau of Economic ...
Fed cuts interest rates a third time, points to inflation as challenge for 2025
The Fed lowered interest rates on Wednesday by a quarter point, while signaling a slower pace of cuts next year.
Minimum wage will increase in 23 states in 2025, will Mississippi be one of them?
Mississippi is not among the 23 states raising the minimum wage, which is $7.25 per hour for covered nonexempt workers. The ...
US consumer spending rises in November; monthly inflation benign
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's ...
Incomes are growing faster in Idaho than anywhere else in the U.S. Here’s where, why
Though still near the middle of the pack in statewide rankings for median income, the state saw a faster income growth rate ...
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Inflation was the cause, not the result, of the ‘hot’ labor market, research shows
Moreover, data from the Bureau of Labor Statistics showed that year-over-year real average hourly earnings growth dropped for 25 consecutive months. Average hourly pay has outpaced inflation since ...
Forex Factory3d
US: Inflation was the cause, not the result, of the ‘hot’ labor market, research shows
But what appeared to be a hot job market was actually a symptom — not the cause — of the recent bout of inflation, according to new research that explored the consequences of unexpected rising prices ...