Profile picture of New York Magazine
Why the 2024 Election Might Turn on Pennsylvania’s Economy: Kevin T. Dugan speaks with Moody’s chief economist, Mark Zandi, about the disconnect between economic ...
nymag.com/intelligencer/article/the-economy-is-roaring-will-it-matter-for-biden.html
Why the 2024 Election Might Turn on Pennsylvania’s Economy
Profile picture of The Hill (newspaper)
Do gas exports help or hurt American prices?: Has the boom in American natural gas exports come at the expense of American households? That question has become a ...
thehill.com/policy/energy-environment/4471286-american-natural-gas-prices-exports-help-hurt/
Do gas exports help or hurt American prices?
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LIVE: US Treasury Secretary Janet Yellen speaks on lowering health care, drug costs U.S. Treasury Secretary Janet Yellen speaks in Pittsburgh, Pennsylvania ... Show more
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Some Democrats hate it, but ‘Bidenomics’ isn’t going anywhere: When President Joe Biden visits Pennsylvania on Friday — his first official event of the year ...
cnn.com/2024/01/12/politics/joe-biden-bidenomics-pennsylvania/
Some Democrats hate it, but ‘Bidenomics’ isn’t going anywhere
Profile picture of pennlive
Gov. Shapiro is pitching more funding for Pa.’s struggling transit systems. Will the state Senate agree?
pennlive.com/news/2024/01/gov-shapiro-is-pitching-more-funding-for-pas-struggling-transit-systems-will-the-state-senate-agree.html
Gov. Shapiro is pitching more funding for Pa.’s struggling transit systems ...
Profile picture of The Philadelphia Inquirer
President Biden visits Lehigh Valley businesses in second trip to Pennsylvania in seven days
inquirer.com/politics/pennsylvania/president-biden-lehigh-valley-visit-20240112.html
President Biden visits Lehigh Valley businesses in second trip to ...
Profile picture of TheStreet
Cookie Monster's social post on 'shrinkflation' sparks White House response: The iconic children's character's post went viral — and got political.
thestreet.com/personal-finance/cookie-monster-talks-shrinkflation
Cookie Monster's social post on 'shrinkflation' sparks White House ...
Profile picture of Montreal Gazette
Alcohol excise tax capped at 2 per cent for two more years, Freeland announces: It had been set to rise on April 1 by 4.7 per cent, tied to inflation ...
montrealgazette.com/news/national/alcohol-excise-tax-capped-at-2-per-cent-for-two-more-years-freeland-announces
Alcohol excise tax capped at 2 per cent for two more years ...
Profile picture of Insider (news website)
Hopes for rate cuts are the problem, not 3% inflation: SEI's Solloway: Inflation rose at a higher-than-expected rate of 3.4% last month, damping market ...
businessinsider.com/markets-inflation-interest-rates-cut-expectations-economy-fed-sei-solloway-2024-1
Hopes for rate cuts are the problem, not 3% inflation: SEI's Solloway
Profile picture of Chester Standard
Rail fares in England and Wales rise by nearly five per cent: ail fares in England and Wales are rising by nearly 5 despite train cancellations being among the ...
chesterstandard.co.uk/news/24158656.rail-fares-england-wales-rise-nearly-five-per-cent/
Rail fares in England and Wales rise by nearly five per cent
Profile picture of Pittsburgh Post-Gazette
Low inventory, higher prices and intense bidding wars tighten grip on Pittsburgh’s spring real estate market
post-gazette.com/business/money/2024/03/10/pittsburgh-housing-market-seller-buyer-inventory-mortgage-rates/stories/202403100019
Low inventory, higher prices and intense bidding wars tighten grip on ...
Profile picture of pennlive
N.Y.’s minimum wage will be more than double Pennsylvania’s: The minimum wage in Pennsylvania remains $7.25/hour, lower than in all its neighboring states.
pennlive.com/politics/2023/12/nys-minimum-wage-will-be-more-than-double-pennsylvanias.html
N.Y.’s minimum wage will be more than double Pennsylvania’s
Profile picture of pennlive
State funding for Penn State, Pitt, and Temple hasn’t kept pace with inflation, data show
pennlive.com/news/2024/01/state-funding-for-penn-state-pitt-and-temple-hasnt-kept-pace-with-inflation-data-show.html
State funding for Penn State, Pitt, and Temple hasn’t kept pace with ...
Profile picture of Fortune (magazine)
‘The era of “do nothing, the boss can’t fire me” is over’ says Ivy League professor Jeremy Siegel, as workers face down fear of layoffs
fortune.com/2023/11/07/jeremy-siegel-do-nothing-era-is-over-labor-market/
‘The era of “do nothing, the boss can’t fire me” is over’ says Ivy League ...
Quick Glance: Workplace Anxiety Driving Productivity
  • Professor Jeremy Siegel of the Wharton School of the University of Pennsylvania suggests that fear of layoffs has actually contributed to the increase in productivity.

  • Productivity has surged, partially due to workers' fear of being laid off, according to Professor Siegel.

  • Professor Siegel anticipates this productivity surge to continue, partially supported by advancements in artificial intelligence.

  • Siegel is disappointed in the Fed's lack of attention to productivity in the macroeconomic environment, and believes this will result in another pause from the Fed in December unless something extraordinary happens in the coming weeks.
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Will savings interest rates stay high in 2024?: Experian analysis finds that savings interest rates will likely decrease in 2024, but not by much.
kentucky.com/news/business/article284029743.html
Will savings interest rates stay high in 2024?
Profile picture of USA Today
More than half a million people left New York in 2022. Here's where they resettled.
usatoday.com/story/news/nation/2023/11/29/new-yorkers-moving-census-bureau-inflation/71730570007/
More than half a million people left New York in 2022. Here's where they ...
Profile picture of The Philadelphia Inquirer
Car insurance is surging. Here’s why — and how you can save.: Philadelphia-area consumers say in the past year they've been quoted rates as much as 50% higher ...
inquirer.com/business/car-insurance-premiums-inflation-20240122.html
Car insurance is surging. Here’s why — and how you can save.
Profile picture of Axios (website)
Americans see elevated inflation as the new normal: That could make inflation more sticky — or require the Fed to undertake more painful interventions.
axios.com/2023/11/13/inflation-cpi-economic-data-2023-prices
Americans see elevated inflation as the new normal
Quick Glance: Surprising Drop in US Producer Prices in October
  • Last month saw the largest decrease in the producer price index for final demand since April 2020 at 0.5%.

  • The PPI increased by 1.3% in the 12 months through October, following a 2.2% rise in September.

  • Goods prices experienced a 1.4% decline in October, with a 15.3% decrease in gasoline prices being responsible for over 80% of the drop.

  • Food prices fell by 0.2%, while prices for light motor trucks decreased.
Profile picture of Insider (news website)
Working mom shares financial struggles on TikTok: Mackenzie Moan said she and her husband both make "good money" and don't live above their means but still live ...
businessinsider.com/working-mom-two-kids-good-salary-shares-financial-struggles-tiktok-2023-11
Working mom shares financial struggles on TikTok
Profile picture of Pittsburgh Post-Gazette
Casey blames higher holiday food prices on corporate greed, not Biden's policies: The mashed potatoes on your Thanksgiving plate cost 60% more this year — almost ...
post-gazette.com/news/politics-state/2023/11/22/casey-biden-thanksgiving-food-inflation/stories/202311220132
Casey blames higher holiday food prices on corporate greed ...
Profile picture of Insider (news website)
McDonald's $16 meal on TikTok is important to the 2024 presidential election: While inflation has come down, food prices are still soaring and souring Americans' ...
businessinsider.com/mcdonalds-tiktok-meal-food-prices-economy-inflation-presidential-election-bidenomics-2023-11
McDonald's $16 meal on TikTok is important to the 2024 presidential ...
Profile picture of Pittsburgh Post-Gazette
Editorial: Unemployment is at record lows. Why are people down on the economy?: It’s hard to deny that the economy of Western Pennsylvania, and of the United ...
post-gazette.com/opinion/editorials/2024/01/05/unemployment-labor-force-housing-market-economy/stories/202401050051
Editorial: Unemployment is at record lows. Why are people down on the ...
Profile picture of The Hill (newspaper)
Fed’s rate strategy stymied by stubborn housing cost inflation: The Federal Reserve is facing questions about its ability to tame one of the largest drivers of ...
thehill.com/business/4290453-feds-rate-strategy-stymied-by-stubborn-housing-cost-inflation/
Fed’s rate strategy stymied by stubborn housing cost inflation
Profile picture of BBC News
Rishi Sunak speech: PM pledges billions for northern transport as he axes HS2 line - BBC News
bbc.co.uk/news/live/uk-politics-67001483
Rishi Sunak speech: PM pledges billions for northern transport as he axes ...
Quick Glance: Mistake: Rishi Sunak to Amputate High-Speed Rail Line in Britain
  • HS2 decision makes infrastructure construction more difficult

  • HS2 will not extend beyond Birmingham to Manchester

  • Wrong decision that doesn't make sense

  • Deep-seated problems of HS2 require government solutions
Profile picture of The Philadelphia Inquirer
Looking for last-minute gifts? Shop at Philly small businesses. Our city will thank you for it.
inquirer.com/opinion/commentary/holiday-shopping-support-philadelphia-small-businesses-20231220.html
Looking for last-minute gifts? Shop at Philly small businesses ...
Profile picture of Yahoo Finance
A fresh reading of the Fed's preferred inflation measure will put the market rally to the test in the week ahead. Here's a look at what's happening this week ... Show more
Profile picture of Reuters
Fed chief Powell has warned of economic pain. In York, Pa., he heard all about it
reuters.com/markets/us/fed-chief-powell-has-warned-economic-pain-york-pa-he-heard-all-about-it-2023-10-02/
Fed chief Powell has warned of economic pain. In York, Pa. ...
Profile picture of Orlando Sentinel
Editorial: Hiking prices ‘just because’ turns out to be bad for business: Consumer products and packaged food companies are scratching their heads for reasons ...
orlandosentinel.com/2023/10/25/editorial-hiking-prices-just-because-turns-out-to-be-bad-for-business/
Editorial: Hiking prices ‘just because’ turns out to be bad for business
Profile picture of Reuters
Morning Bid: Bond crush stifles markets as $134 billion hits: A look at the day ahead in U.S. and global markets by Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2023-09-26/
Morning Bid: Bond crush stifles markets as $134 billion hits
Quick Glance: US job market defies rising interest rates and high unemployment
  • Last year's inflation spike was painful, but the job market remained resilient.

  • Economists predicted dire consequences from rate hikes, but the economy has shown unexpected durability.

  • How is the Fed managing to combat inflation without causing negative effects?

  • Can the job market stay strong despite the Fed's intention to keep rates high?
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Biden touts job creation, takes aim at Trump's record in Labor Day speech: "Bidenomics is a blue collar blueprint for America," the president said.
abcnews.go.com/Politics/biden-touts-job-creation-takes-aim-trumps-record/story
Biden touts job creation, takes aim at Trump's record in Labor Day speech
Quick Glance: Biden criticizes Trump on jobs in battleground Pennsylvania
  • Biden highlights past job losses

  • U.S. unemployment decreased under Trump's presidency

  • Trump spokesperson accuses Biden of destroying jobs and fueling inflation

  • Economic issues play a key role in the 2024 presidential race
Profile picture of Boston Herald
Zito: Americans not buying ‘economy is OK’ message: Interviews with a number of voters across the political and economic spectrum find them frustrated by the ...
bostonherald.com/2023/10/07/zito-americans-not-buying-economy-is-ok-message/
Zito: Americans not buying ‘economy is OK’ message
Profile picture of Axios (website)
Brace yourself for lower raises next year: It's more evidence that a wage-price spiral hasn't come to pass.
axios.com/2023/10/12/raises-decreasing-2024-employees-wage-income
Brace yourself for lower raises next year
Profile picture of The Hill (newspaper)
Federal Reserve unveils Instagram, Threads accounts: The Federal Reserve can now be followed on Instagram and Threads.  In a news release ...
thehill.com/homenews/media/4235662-federal-reserve-unveils-instagram-threads-accounts/
Federal Reserve unveils Instagram, Threads accounts
Profile picture of Bloomberg
Texas Solar Projects Qualify for Key Biden Tax Credits in Industry First: Incentives in the Inflation Reduction Act are bolstering solar component manufacturing ...
bloomberg.com/news/articles/2023-11-30/texas-solar-projects-qualify-for-key-biden-tax-credits-in-industry-first
Texas Solar Projects Qualify for Key Biden Tax Credits in Industry First
Profile picture of The Wall Street Journal
WSJ News Exclusive | Why One Fed Official Is Ready to Stop Raising Rates: Philadelphia Fed President Patrick Harker said he thinks the central bank can likely ...
wsj.com/economy/central-banking/why-one-fed-official-is-ready-to-stop-raising-rates-73330eeb
WSJ News Exclusive | Why One Fed Official Is Ready to Stop Raising Rates
Profile picture of Mint (newspaper)
Medical inflation in India reaches alarming rate of 14%, reveals report | Mint: Healthcare costs in India are rising rapidly, and many employees are unable to ...
livemint.com/money/personal-finance/medical-inflation-in-india-reaches-alarming-rate-of-14-reveals-report-11700634947658.html
Medical inflation in India reaches alarming rate of 14%, reveals report | ...
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Watch: Escaped Pennsylvania Inmate Danelo Cavalcante Is Captured : Authorities captured Pennsylvania inmate Danelo Cavalcante two weeks after the convicted ...
wsj.com/video/watch-escaped-pennsylvania-inmate-danelo-cavalcante-is-captured/DE9B3FEA-CA79-4B16-BEF2-160D138CF181.html
Watch: Escaped Pennsylvania Inmate Danelo Cavalcante Is Captured
Profile picture of The Jakarta Post
US Fed official says rate cut unlikely in 'short term': The US Federal Reserve is likely done raising interest rates to tackle inflation but probably ...
thejakartapost.com/business/2023/11/09/us-fed-official-says-rate-cut-unlikely-in-short-term.html
US Fed official says rate cut unlikely in 'short term'
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Candidate Biden Looks to Turn the Economy Into an Asset: The president has taken the economy – once a political vulnerability for him – and tried to make it an ...
usnews.com/news/national-news/articles/2023-09-01/candidate-biden-looks-to-turn-the-economy-into-an-asset
Candidate Biden Looks to Turn the Economy Into an Asset
Profile picture of The Philadelphia Inquirer
‘Give ‘em, hell, Joe!’ How Harry Truman showed Biden a way to win in 2024: High inflation, a Moscow dictator, an exhausted electorate — Harry Truman somehow won ...
inquirer.com/opinion/commentary/what-harry-truman-could-teach-biden-20231112.html
‘Give ‘em, hell, Joe!’ How Harry Truman showed Biden a way to win in 2024
Profile picture of Insider (news website)
Fed meeting preview: Jerome Powell, policymakers signal what's next: Central bankers have shared mixed views on how monetary policy could change as officials ...
businessinsider.com/recession-outlook-jerome-powell-fed-policymakers-central-bank-investors-rates-2023-10
Fed meeting preview: Jerome Powell, policymakers signal what's next
Profile picture of The Jakarta Post
US Fed likely to pause again with rates at 22-year high: Interest rate hikes slow down inflation by raising the cost of borrowing from the bank ...
thejakartapost.com/business/2023/10/30/us-fed-likely-to-pause-again-with-rates-at-22-year-high.html
US Fed likely to pause again with rates at 22-year high
Profile picture of The Philadelphia Inquirer
Flying home for Thanksgiving? You’ll find cheaper fares to and from Philly this year
inquirer.com/business/cheap-thanksgiving-travel-philadelphia-airport-20231103.html
Flying home for Thanksgiving? You’ll find cheaper fares to and from Philly ...
Profile picture of Insider (news website)
'Sticky' inflation is a good sign for the health of the economy: Retail sales in September were higher than expected. While not good for slowing the economy ...
businessinsider.com/sticky-inflation-economy-recession-soft-landing-2023-10
'Sticky' inflation is a good sign for the health of the economy
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Fed's Harker : If inflation retreat stalls more rate hikes may be needed, Bloomberg reports
reuters.com/markets/us/feds-collins-may-be-place-where-fed-can-hold-steady-yahoo-finance-2023-08-24/
Fed's Harker : If inflation retreat stalls more rate hikes may be needed ...
Quick Glance: Powell: Economy's Strength May Require More Interest Rate Increases
  • Economic growth may require more interest rate increases, says Powell

  • Higher loan rates make it harder to afford homes and cars

  • Fed believes its key rate is high enough to restrain growth

  • Even without further rate hikes, the Fed may keep its benchmark rate elevated to contain inflation
Profile picture of The Hill (newspaper)
Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes
thehill.com/business/ap-federal-reserve-minutes-too-high-inflation-still-a-threat-could-require-more-rate-hikes/
Federal Reserve minutes: Too-high inflation, still a threat ...
Quick Glance: Fed divided on need for more rate hikes
  • Federal Reserve officials were divided on the need for more interest rate hikes at the July 25-26 meeting.

  • Some participants cited the risks to the economy of pushing rates too far.

  • However, most policymakers continued to prioritize the battle against inflation.

  • The minutes of the session were released on Wednesday.
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An inflation gauge closely tracked by the Fed falls to lowest level in 2 years: A measure of consumer prices that is closely monitored by the Federal Reserve ...
pbs.org/newshour/economy/an-inflation-gauge-closely-tracked-by-the-fed-falls-to-lowest-level-in-2-years
An inflation gauge closely tracked by the Fed falls to lowest level in 2 ...
Quick Glance: Inflation Gauge Reaches Lowest Level in Over 2 Years
  • Prices increased by just 3% in June compared to the previous year, below the Fed's 2% inflation target.

  • On a monthly basis, prices rose by 0.2% from May to June, slightly higher than the previous month.

  • Smaller wage increases are expected to slow down inflation over time.

  • Despite a decrease in overall inflation, core inflation remains high.
Profile picture of Bloomberg
Australia News Today: RBA Inflation Warning, Alcoa Cuts, Wine Optimism: Good morning, it’s Amy in Melbourne. We’re expecting employment data this morning ...
bloomberg.com/news/newsletters/2023-10-18/australia-news-today-rba-inflation-warning-alcoa-cuts-wine-optimism
Australia News Today: RBA Inflation Warning, Alcoa Cuts, Wine Optimism
Profile picture of Wirtschaftswoche
USA: Bidenomics is a risky campaign bet: Joe Biden is putting the economy at the center of his campaign. His numbers are good. The problem: the U.S ...
wiwo.de/politik/ausland/us-wahlkampf-die-bidenomics-sind-eine-riskante-wette/29446758.html
USA: Bidenomics is a risky campaign bet
Profile picture of The Philadelphia Inquirer
We secretly shopped local auto repair shops to see who overcharged for routine maintenance
inquirer.com/consumer/auto-repair-shop-philadephia-over-charge-maintenance-20230830.html
We secretly shopped local auto repair shops to see who overcharged for ...
Profile picture of The Philadelphia Inquirer
Here’s how much Philly-area buyers are paying per square foot for a new home: Local home buyers are spending almost 50% more per square foot for a new home than ...
inquirer.com/real-estate/housing/home-price-philadelphia-square-foot-cost-real-estate-market-20230925.html
Here’s how much Philly-area buyers are paying per square foot for a new ...
Profile picture of pennlive
Dauphin County brewery announces closing as ‘inflation/labor crisis catches up’: Tattered Flag Brewery & Still Work's owners cited the pandemic coupled ...
pennlive.com/food/2023/07/dauphin-county-brewery-announces-closing-as-inflationlabor-crisis-catches-up.html
 Dauphin County brewery announces closing as ‘inflation/labor crisis ...
Profile picture of The Wall Street Journal
A Bright Spot in Commercial Real Estate: Retail Shops: New store openings remain strong, overcoming inflation and interest-rate challenges.
wsj.com/real-estate/commercial/a-bright-spot-in-commercial-real-estate-retail-shops-a3ef009e
A Bright Spot in Commercial Real Estate: Retail Shops
Profile picture of ITVX
John Lewis boss Dame Sharon White warns hiking interest rates again would be a 'mistake'
itv.com/news/2023-09-14/john-lewis-boss-warns-hiking-interest-rates-again-would-be-a-mistake
John Lewis boss Dame Sharon White warns hiking interest rates again would ...
Profile picture of Yahoo Finance
New and used car prices are continuing to moderate, according to the latest government inflation data released Wednesday morning ... Show more