inflation
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Op-ed: Inflation near 3%, but four sectors outpace wages
Inflation is running at about 3% a year, but prices for housing, healthcare, childcare and higher education are rising much faster than wages, according…
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Fed Expected to Hold Interest Rates Despite Rising Inflation
The Federal Reserve is expected to leave interest rates unchanged on Oct. 28, according to the Associated Press, even though inflation has picked up…
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Consumer confidence rises to 91.7 in October as gas prices ease
Consumer confidence rose 7.5 points to 91.7 in October as gas prices eased, the Conference Board said on Oct. 27. The index is still…
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Big Tech Earnings Test AI Spending as Borrowing Costs Stay High
Alphabet, Microsoft and Amazon report earnings this week as investors ask whether heavy AI spending is paying off. With interest rates high and inflation…
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Asian Shares Slip and Oil Falls After Wall Street Decline
Most Asian stock markets fell on Monday, Oct. 26, and oil prices dropped after climbing to their highest level in more than four years.…
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What It Means: Administration Owns the Economy as Iran Drives Prices
Treasury Secretary Scott Bessent said on Oct. 18 that the administration will own the economy, while tying any oil price relief this year to…
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Bessent Ties Falling Oil Prices to Outcome of Iran Conflict
Treasury Secretary Scott Bessent said on Oct. 18 that lower oil prices before the end of 2026 will depend on the Iran conflict. The…
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Gasoline Pushes September Inflation to 3.7%, Above Forecasts
Consumer prices rose 0.6% in September and 3.7% from a year earlier, the Bureau of Labor Statistics said on Oct. 14. The annual rate…
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Pew Survey Puts Trump Approval at 30 Percent, 68 Percent Disapprove
A Pew Research survey released Thursday found 30 percent of Americans approve of President Trump’s job performance and 68 percent disapprove. Confidence in his…
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New York Fed Finds Tariffs Lifted Goods Prices 2.9 Points
A New York Federal Reserve paper found that tariffs pushed up prices on 67 categories of goods by 2.9 percentage points as of February,…
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Fed Survey: Consumers Expect 3.9% Inflation, Highest Since May 2023
A New York Federal Reserve survey reported on Oct. 7 found the median 12-month inflation expectation rose to 3.9% in September, the highest since…
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