Inflation’s steady, but the puts and takes of the July reading from the Bureau of Labor Statistics shows there’s no real respite for households navigating a paycheck-to-paycheck existence. The Consumer Price Index (CPI) was up 0.2% in July according to the Tuesday (Aug. 12) release,...
After years of rapid wage growth for low-income workers in the United States, a slowdown has set in, The Wall Street Journal reported Monday (Aug. 11). According to the latest government jobs report, average earnings for workers in the leisure/hospitality space rose 3.5% year over...
Bank of America strategists reportedly lowered their Treasury yield forecasts Monday (Aug. 11), saying recent developments have increased the likelihood of lower interest rates. The strategists lowered their year-end forecast for two-year yield from the previous 3.75% to 3.5%, and cut their forecast for 10-year...
American small businesses are reportedly making steep price hikes in response to new tariffs. That’s according to findings from the Financial Times (FT) published Monday (Aug. 11), after the news outlet surveyed businesses in St. Louis. These companies said their suppliers had raised prices on a range of products...
American consumers could soon feel increasing tariff-related pain with their purchases. That’s according to a report Monday (Aug. 11) from Bloomberg News, citing research from Goldman Sachs. While U.S. companies have so far absorbed the brunt of the impact of the White House’s tariffs, consumers...
Inflation is creeping up as retailers hike prices in response to ongoing U.S tariffs. That’s according to a report from Bloomberg News Friday (Aug. 8), citing the median projection in its survey of economists. That survey showed the core consumer price index climbing 0.3% in...
JPMorgan Chase & Co. has begun research coverage of Plaid Inc. amid its broader push to expand its private research. The move, which Bloomberg News reported Thursday (Aug. 7), comes as part of the financial service firm’s burgeoning efforts to provide analysis on prominent private...
Better get used to it. Maybe for a long time. As a new wave of U.S. tariffs on regions and countries, including Europe and South Korea, took effect on Thursday, business executives in the United States are no longer holding out hope that the Trump...
American consumers feel more optimistic about their finances, but wary of several other economic factors. That’s according to the July 2025 Survey of Consumer Expectations, released Thursday (Aug. 7) by the Federal Reserve Bank of New York’s Center for Microeconomic Data, showing, among other things, consumers’ short-...