January 18, 2024
“…Thursday’s report from the Labor Department showed that overall prices rose 0.3% from November and 3.4% from 12 months earlier. Those gains exceeded the previous 0.1% monthly rise and the 3.1% annual inflation in November and were slightly above economists’… Continue Reading…
January 17, 2024
“…U.S. central bankers want more confirmation that inflation is on a firm path toward their 2% goal before they reduce the policy rate, now in the 5.25%-5.5% range…” https://finance.yahoo.com/news/traders-pare-bets-fed-cut-134748735.html What happened? I thought the FED was going to cut interest… Continue Reading…
January 17, 2024
“…The figures show the Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should prices of goods, such as clothing and cars, continue to climb. Fed policymakers and Wall Street economists have… Continue Reading…
January 17, 2024
“…The December Consumer Price Index (CPI) showed pricesticked up slightly at 0.3% over last month, an increase from the 0.2% seen in November. Prices rose 3.4% over the prior year, an increase from the3.1% increase seen the month prior… When removing… Continue Reading…
January 17, 2024
“Official data released Thursday showed consumer prices rose 4.62% in December from a year earlier, above the 4.55% median estimate in a Bloomberg survey. Monthly inflation accelerated to 0.56%. The central bank targets inflation at 3% this year and 3.25%… Continue Reading…
January 16, 2024
“About 93% of U.S. households’ stock market wealth is held by the top 10%… Details: While it’s true that a record high 58% of American households do own stocks via mutual funds or as individual shares, in the aggregate the amount of stock… Continue Reading…
January 12, 2024
“…Recent reports already show signs of strain. In the last year, credit card debt spiked to a record high, surpassing $1.08 trillion, according to the latest quarterly report from the Federal Reserve Bank of New York. Now, more cardholders are carrying debt from month to… Continue Reading…
January 11, 2024
“The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by the Department of Labor. Black Americans, the group with the highest jobless percentage in the country, saw their unemployment… Continue Reading…
January 10, 2024
“…In 2023, companies planned 721,677 job cuts, a 98% jump from 2022, according to a new report from professional outplacement firm Challenger, Gray, and Christmas. The number marks the highest annual total since 2020. The year included several high-profile tech layoffs from… Continue Reading…
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