U.S. workers’ median weekly earnings have grown faster than inflation over the last year. The usual weekly earnings of full-time wage and salary workers in...
The headlines show that inflation may be cooling, but for consumers bearing the brunt of sticker shock, the damage may have already been done. As...
Durable U.S. inflation last month could test the Federal Reserve. As Bloomberg News reported Saturday (April 8), upcoming government data is expected to show a 0.4% increase...
Spending among U.S. consumers fell last month as shoppers focused on their basic needs. Numbers released Wednesday (March 15) by the Commerce Department showed sales...
February Consumer Price Index numbers demonstrate that grocers and consumers can’t catch a break. While inflation overall seems to be easing, with gasoline and major...
Wells Fargo’s finance chief has a gloomy prediction for the U.S. economy. “It’s going to get worse as we go throughout the year,” said Mike Santomassimo,...
Inflation data — though a cooling down is evident — shows Main Street small businesses’ price hikes are sticking. At least for now. But the...
Falling food and fuel prices pulled the annual inflation rate to a 14-month low of 6.5%. This, as the December Consumer Price Index report from the Bureau...
For the fourth consecutive month, inflation slowed in October and while the market reaction happened instantly, data and history suggest the consumers’ response will be...