The Price of Inflation: $709 a Month
Thanks to the inflationary surge that kicked off during the Covid-19 pandemic, the typical American household is spending hundreds of dollars more per...
Inflation Ticks Higher, but Details Bolster Hopes for a Soft Landing
The Consumer Price Index rose 3.2% in July on an annual basis, the Bureau of Labor Statistics reported Thursday. While the topline number edged higher...
Biden Celebrates a Hot Economy Summer
President Biden is visiting Arizona, New Mexico and Utah this week to promote his economic agenda, labeled Bidenomics, and his investments in clean...
A Goldilocks Labor Market? Job Openings Dip Modestly
The number of job openings in the U.S. economy edged lower to 9.58 million in June, dropping by 34,000 from a downwardly revised 9.61 million in May...
DeSantis Unveils Economic Plan Attacking ‘Failed Elites’
As he looks to revive his campaign for the 2024 Republican presidential nomination, Florida governor Ron DeSantis on Monday introduced a 10-point...
Strong Economic Reports, Weak Ratings for Biden
President Biden has been traveling the country to promote his economic policies, which the White House says have produced better-than-expected GDP...
The Fed’s Favorite Inflation Measure Falls to Lowest Since March 2021
A key inflation measure tracked closely by Federal Reserve officials rose at the slowest pace in more than two years last month, offering another...
US Economy Defies Expectations as Growth Picks Up
Despite fears of a slowdown amid rising interest rates, economic growth accelerated to an annual rate of 2.4% in the second quarter of 2023, the...
Fed Raises Rates to Highest Level in 22 Years
The Federal Reserve on Wednesday raised its benchmark interest rate by 25 basis points, moving the federal funds rate to a target range of 5.25% to 5...
Wages Are Finally Rising Faster Than Prices: A Boost for Biden?
For the first time since April 2021, wages for American workers have started rising in real dollar terms on a year-over-year basis, thanks in large...