rise in price level in an economy over time
Retail Sales March 2024: No Landing Means Rates Higher For Longer: Retail sales in the U.S. expanded by +0.72% in March 2024, surprising to the upside by +0.32% ...
seekingalpha.com/article/4683804-retail-sales-march-2024no-landing-means-rates-higher-for-longer
Paid articlePaid
March retail sales blew past expectations : Retail sales in March surpassed expectations, according to new numbers released by the Commerce Department on Monday ...
thehill.com/business/4596265-march-retail-sales-blew-past-expectations/
US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
apnews.com/article/economy-growth-inflation-gdp-consumers-spending-rates-f7a7def8b17cff965a02c6d531582c49
Inflation Rose Slightly Last Month—First Time Since September: Annual core PCE inflation, which measures the year-over-year change in Americans’ personal ...
go.forbes.com/c/6m8n
Quick Glance: US February Inflation Data Aligns with Fed's Expectations, Powell States
- The latest U.S. inflation data aligns with what the Federal Reserve wants to see, according to Federal Reserve Chair Jerome Powell. The personal consumption expenditures (PCE) price index data released on Friday matched expectations and showed less of a slowdown than last year. However, Powell emphasized that the February report did not undermine the Fed's baseline outlook.
- Some details of the PCE data showed improvements in inflation aspects considered important by the Fed, even though the overall numbers showed little progress in the first two months of the year. Last week, the Fed kept its benchmark overnight interest rate steady at 5.25%-5.50% and narrowly confirmed the baseline projection of a 0.75 percentage point rate decrease by the end of this year.
- Powell has had to reconcile expectations for rate cuts with data indicating a slowdown, if not a halt, in the improvement of inflation numbers in recent weeks. He stated that recent high inflation does not alter the overall narrative of easing price pressures, but acknowledged that the recent data cannot be completely dismissed as a sign of slowed progress.
Pulse Check: Inflation and Consumer Mood Highlight Economic Scene: The week’s range of economic reports should provide a crucial reading on which way the economy ...
usnews.com/news/economy/articles/2024-03-25/inflation-housing-and-consumers-mood-on-tap-for-economy
Here’s why the Fed doesn’t see a US recession in coming years: America’s central bank doesn’t see any signs of a recession on the horizon. Not this year ...
cnn.com/2024/03/24/economy/stocks-week-ahead-fed-recession-coming-years/
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Are Inflated Prices Due to Corporate Greed? This Report May Tell Us - WSJ's Take On the Week - WSJ Podcasts
wsj.com/podcasts/take-on-the-week/are-inflated-prices-due-to-corporate-greed-this-report-may-tell-us/06fd6147-d240-4a3f-a24f-a1353fc6ca8c
US economy grew solid 3.2% in fourth quarter, a slight downgrade from government's initial estimate
apnews.com/article/economy-inflation-federal-reserve-gdp-unemployment-22f096fe881d4a48314c67d6f4cc67ba
US retail sales up 0.6% in February: American shoppers picked up their spending a bit in February after pulling back the previous month ...
apnews.com/article/retail-sales-economy-inflation-9136c3aeecb2afeee14a3a4b64ab3773
Above The Noise: Elections, Inflation, And The U.S. Banking System: By January 2025, the Federal Reserve is likely to be in an easing cycle ...
seekingalpha.com/article/4682338-above-the-noise-elections-inflation-and-the-us-banking-system
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While GDP grows and inflation settles, manufacturing supply executives report slowing demand. Will that spill over into the wider economy? www.asme.org/topics-resources/content/blog-manufacturing-slowdown-in-hot-economy
How Interest Rates Impact Stock Prices: The Fed is expected to begin cutting interest rates soon and this could significantly help the stock market ...
kiplinger.com/investing/how-interest-rates-impact-stock-prices
Recession watch: broken economic polling will make next downturn worse: Polls are fueling 'pessimism inflation' — and it's going to make the next recession even ...
businessinsider.com/polls-get-american-economy-wrong-make-next-recession-worse-jobs-2024-3
Paid articlePaid Retail Sales Dive in January as Consumers Pull Back: Rising inflation and higher borrowing costs are hitting consumers in the wallet.
usnews.com/news/economy/articles/2024-02-15/retail-sales-dive-in-january-as-consumers-pull-back
Stock market news: US stocks drop as trader mull revised GDP: Investors are waiting for the Fed's preferred inflation measure to roll out, which will be a key ...
markets.businessinsider.com/news/stocks/stock-market-news-today-inflation-economy-fed-rate-cuts-outlook-2024-2
Here’s why Arizona’s economy is poised for growth in 2024: Arizona’s economy continues to churn out solid gains. Here's why Arizona’s economy is poised for ...
azbigmedia.com/business/heres-why-arizonas-economy-is-poised-for-growth-in-2024/
The U.S. economy grew at a 3.3% pace in the fourth quarter, much better than expected
cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html
Quick Glance: US Economy Grows 3.3% in Fourth Quarter
- The US economy grew much faster than expected in the final quarter of 2023, avoiding a projected recession, as reported by the Commerce Department on Thursday.
- Gross domestic product, a measure of all goods and services produced, increased at a 3.3% annualized rate in the fourth quarter of 2023.
- The third quarter saw a growth rate of 4.9%.
- The US economy accelerated throughout 2023 at a 2.5% annualized pace, surpassing Wall Street expectations and exceeding the 1.9% increase in 2022.
Inflation slowed further in December as an economic 'soft landing' moves into sharper focus
apnews.com/article/inflation-prices-election-federal-reserve-rates-economy-8cdc8d09320bdaf6101033a9c13957cf
Quick Glance: Inflation Slows, Economy in Focus
- Prices rose just 0.2% in December, in line with pre-pandemic levels and barely above the Fed’s 2% target.
- Core prices rose just 0.2% in December from the previous month and 2.9% from a year earlier - the smallest increase since March 2021.
- Data suggests the economy is achieving a 'soft landing,' with inflation returning to the Fed’s target without a recession.
- Over the past six months, prices are up just 1.9%, actually below the Fed’s 2% target.
Trump vs. Biden Economy: Home Prices, Inflation, Wages: The economy could determine this year’s election. Both candidates will have plenty to brag about—and a ...
barrons.com/visual-stories/trump-biden-home-prices-debt-inflation-economy-96308799
As doomsday predictions dissipate, Biden aides savor booming economy: Strong economic growth and falling unemployment have buoyed the White House’s mood ahead of ...
washingtonpost.com/business/2024/01/25/biden-economy-2024-election/
How much are Arizonans spending on groceries? Hint: It's more than the national average
azcentral.com/story/money/business/consumers/2024/01/30/average-arizona-household-spends-more-than-the-national-average-on-groceries/72394339007/
U.S. Q4 GDP Rise Hits 3.2%, Just Below Forecasts: The U.S. Bureau of Economic Analysis (BEA) reported on February 28, 2024, a 3.2% growth in the economy for the ...
riotimesonline.com/u-s-q4-gdp-rise-hits-3-2-just-below-forecasts/
Retail sales up 0.6% as strong job marked helped to fuel a strong holiday sales season
apnews.com/article/retail-sales-december-economy-consumer-spending-800f78ae0a4428be3be7733238d16f40
This was the average cost of an American home in the decade you were born: The average cost of homes has fluctuated over the years. Take a look at how inflation ...
foxbusiness.com/lifestyle/average-cost-american-home-decade-born
Retail sales rise 0.6% in December, topping expectations for holiday shopping: Retail sales increased 0.6% for the month, buoyed by a pickup in clothing and ...
cnbc.com/2024/01/17/retail-sales-december-2023.html
Inflation's two-way risk in 2024: Inflation below 2% is a "a plausible outcome for 2024."
axios.com/2024/01/04/inflation-federal-reserve-policy
US economy, GDP, inflation is crushing it versus G7 nations: US economic growth beat expectations in the fourth quarter, and it's outpacing most of the world's ...
businessinsider.com/economy-us-gdp-inflation-federal-reserve-economic-growth-canada-germany-2024-1
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US profit growth to accelerate in 2024 despite economy risks: U.S. corporate earnings should improve at a stronger clip in 2024 as inflation and interest rates ...
reuters.com/markets/us/us-profit-growth-accelerate-2024-despite-economy-risks-2024-01-02/
Oklahomans have some of the most expensive grocery bills in the US, a survey showed
oklahoman.com/story/news/2024/02/02/where-are-groceries-most-expensive-in-the-u-s-oklahoma-ranks-top-10/72422281007/
Why investors are upbeat and voters are gloomy about the economy: What explains this disconnect?
thehill.com/opinion/finance/4371843-why-investors-are-upbeat-and-voters-are-gloomy-about-the-economy/
Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
bostonherald.com/2023/12/22/federal-reserves-favored-inflation-gauge-tumbles-in-november-as-prices-continue-to-ease/
Consumers Start 2024 on Strong Footing After a Jolly Holiday: U.S. retail sales rose a seasonally adjusted 0.6% in December from a month earlier ...
wsj.com/economy/consumers/us-retail-sales-report-2024-030eaa0a
Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
english.elpais.com/economy-and-business/2023-12-22/federal-reserves-favored-inflation-gauge-tumbles-in-november-as-prices-continue-to-ease.html
U.S. Added 216,000 Jobs in December, Outpacing Forecasts: Hiring has throttled back from 2021 and 2022, but last year’s growth was still impressive by ...
nytimes.com/2024/01/05/business/economy/jobs-report-december-2023.html
Quick Glance: US Employers Add Strong 216,000 Jobs in December
- In December, the nation's employers added robust 216,000 jobs without COVID-19 lockdowns.
- December's job gain exceeded the 173,000 added in November.
- The government reported a strong job market, with steady job growth, rising wages, and cooling inflation.
- The Fed prefers having more people enter the labor force to help ease the pressure on employers to sharply boost pay.
2024 Stock Market Outlook: What a ‘Return to Normal’ Means for Stocks: 2024 is lining up to be the first year after the pandemic when we are finally past all the ...
morningstar.com/markets/2024-market-outlook-what-return-normal-means-stocks
US Consumer Spending, Inflation Slow in Sign of Cooling Economy: US consumer spending, inflation and the labor market all cooled in recent weeks ...
bloomberg.com/news/articles/2023-11-30/us-consumer-spending-inflation-slow-in-sign-of-cooling-economy
2024 Stock Market Outlook: What a ‘Return to Normal’ Means for Stocks: 2024 is lining up to be the first year after the pandemic when we are finally past all the ...
morningstar.com/markets/2024-market-outlook-what-return-normal-means-stocks
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/
Ringgit gets early Christmas gift, bounces to RM4.62 against US dollar: KUALA LUMPUR: The ringgit got an early Christmas gift and bounced against the US dollar ...
thestar.com.my/business/business-news/2023/12/22/ringgit-gets-early-christmas-gift-bounces-to-rm462-against-us-dollar
Core Inflation Drops Faster Than Expected in Holiday Surprise: Economists and investors are expecting an early Christmas gift from the Bureau of Economic ...
barrons.com/articles/pce-inflation-fed-prices-rates-0c6b0d0a
Paid articlePaid
Will the economy get a boost in 2024? Here are the wild cards economists are watching
fastcompany.com/90998464/economic-forecast-2024-fed-economy
Biden’s economic scorecard touts fragile advantage: There are 362 days until the 2024 U.S. presidential election. And if the political strategist James Carville ...
reuters.com/breakingviews/bidens-economic-scorecard-touts-fragile-advantage-2023-11-09/
Americans are losing faith that inflation will return to normal. The Fed is terrified
cnn.com/2023/11/12/economy/stocks-week-ahead-could-americans-get-used-to-inflation/
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.
Where to Invest in Bonds in 2024: Interest rates are projected to fall further, bolstering returns for longer-duration bonds.
morningstar.com/markets/where-invest-bonds-2024
Crucial inflation report showed few signs of improvement last month: The Federal Reserve’s preferred inflation gauge cooled slightly last month ...
cnn.com/pce-inflation-spending-september/
Federal Reserve Monitors U.S. Inflation’s Slight Increase: The U.S. core Personal Consumption Expenditures (PCE) Index, a key indicator for the Federal Reserve ...
riotimesonline.com/federal-reserve-monitors-u-s-inflations-slight-increase/
Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years
bostonglobe.com/2023/11/30/business/applications-jobless-benefits-up-modestly-continuing-claims-reach-highest-level-2-years/
U.S. Economic Growth Accelerated in the Third Quarter: Gross domestic product expanded at a 4.9 percent annual rate over the summer, powered by prodigious ...
nytimes.com/2023/10/26/business/economy/gdp-economy-q3.html
U.S. GDP Sees Significant Rise in Third Quarter: The United States' annualized Gross Domestic Product (GDP) experienced a notable increase, reaching 5 ...
riotimesonline.com/u-s-gdp-sees-significant-rise-in-third-quarter/
U.S. Economy Blows Past Economists’ Expectations in Third Quarter: Personal consumption spending increased 4 percent for the quarter compared to 0 ...
thedailybeast.com/us-economy-blows-past-economists-expectations-in-third-quarter
U.S. GDP up 4.9% in third quarter, beating expectations - UPI.com: U.S. gross domestic product rose by an estimated annual rate of 4.9% in the third quarter of ...
upi.com/Top_News/US/2023/10/26/GDP-third-quarter-BEA/7551698325618/
Quick Glance: US Economy Surpasses Expectations with 4.9% Growth
- Despite higher interest rates, inflation pressures, and headwinds, the US economy grows faster than expected.
- Consumer spending, inventories, exports, residential investment, and government spending drive the growth.
- The personal saving rate declined to 3.8% in the third quarter, compared to the previous period.
Fed’s preferred inflation gauge rises 0.1 percent in August: The Federal Reserve’s preferred inflation gauge increased by just 0.1 percent in August and fell to ...
thehill.com/homenews/4229657-feds-preferred-inflation-gauge-drops-0-1-percent-in-august/
Quick Glance: Eurozone inflation at 2-year low amid economic slowdown
- Inflation decreases in all areas
- ECB rate hikes impact economy
A recent study analyzing Census Bureau data conducted by the Federal Reserve Bank of Dallas reveals that Southern states are experiencing the most significant ... Show more
Hiltzik: What makes the 'dismal science' of economics so dismal?: Economists are preoccupied with making predictions about the future path of the U.S. economy ...
latimes.com/business/story/2023-10-10/column-economists-have-been-consistently-wrong-about-the-u-s-economy-we-should-stop-trusting-them
US government shutdown would delay release of key economic data, official says: The publication of major U.S. economic data, including employment and inflation ...
reuters.com/markets/us/us-government-shutdown-would-delay-release-key-economic-data-official-says-2023-09-25/
U.S. Government Shutdown Could Delay Key Economic Data: A lapse in funding would delay data on unemployment and inflation as policymakers try to avoid a ...
nytimes.com/2023/09/28/business/economy/shutdown-government-data.html
Incomes drop for third year in a row: Family incomes dropped by about $2,000 last year on average, the U.S. Census Bureau estimated on Tuesday ...
thehill.com/business/4200260-incomes-drop-for-third-year-in-a-row/
America’s Federal Reserve could soon be flying blind: A government shutdown would have far-reaching consequences
economist.com/finance-and-economics/2023/09/28/americas-federal-reserve-could-soon-be-flying-blind
The poverty rate in the U.S. increased last year, the first increase in 13 years, according to the Census Bureau. The expiration of pandemic programs ... Show more trib.al/quLRRqm
Quick Glance: Biden's Safety Net Collapses: Alarming Rise in Poverty Rates
- President Joe Biden's efforts to combat poverty are spiraling out of control.
- The child poverty rate has more than doubled to 12.4 percent.
- The shrinking Covid safety net will significantly increase the poverty rate compared to 2021.
- Despite low unemployment and wage growth, voters remain skeptical of the president's economic record.
Amid inflation, household income dropped 0.8 percent in 2022: Census: According to estimates released today by the U.S. Census Bureau’s American Community Survey ...
thehill.com/business/4202821-amid-inflation-household-income-dropped-0-8-percent-in-2022-census/
Retail sales rise 0.6% in August largely due to a spike in gas prices: Shoppers stepped up their buying modestly as inflation on many items eased ...
apnews.com/article/retail-sales-august-inflation-8aec75569128744b698ce565f7b4ef7c
Opinion | The Census Exposes Bidenomics: Its annual report shows how inflation has gutted real household incomes.
wsj.com/articles/census-data-income-inflation-joe-biden-economy-social-welfare-spending-3897dbed
US adds 187K jobs in August, jobless rate rises to 3.8 percent: The U.S. added 187,000 jobs and the unemployment rate rose to 3.8 percent in August ...
thehill.com/business/4182653-us-adds-187k-jobs-in-august-jobless-rate-rises-to-3-8-percent/
Quick Glance: US Adds 187K Jobs in August, Unemployment Rate Rises to 3.8%
- Labor market plateaued in August as Federal Reserve considers another interest rate hike.
- Jobless rate rose 0.3 percentage points in August, while labor force participation rate rose 0.2 percentage points.
- Inflation ticked up slightly in July, falling from its peak of 9.1 percent last summer.
- Fed officials are looking for signs that the job market is slowing under the weight of past increases.
Opinion | The Census Exposes Bidenomics: Its annual report shows how inflation has gutted real household incomes.
wsj.com/articles/census-data-income-inflation-joe-biden-economy-social-welfare-spending-3897dbed
Ohio's minimum wage to rise on Jan. 1. Everything you need to know about the increase
beaconjournal.com/story/news/2023/09/29/ohios-minimum-wage-to-rise-about-3-5-percent-starting-january-1-federal-minimum-wage-raises-paycheck/71001706007/
Quick Glance: California increases minimum wage for fast food workers to $20
- Fast food workers in California will receive a minimum wage of at least $20 per hour starting next year.
- California's minimum wage for all other workers, $15.50 per hour, is already one of the highest in the United States.
- Most fast food workers in California are over 18 and the primary providers for their families.
- The minimum wage increase takes effect on April 1 and applies to workers in restaurants with at least 60 nationwide locations.
America Faces Savings Disaster: Americans' savings are drying up fast—leaving them vulnerable to possible economic shocks.
newsweek.com/america-faces-savings-apocalypse-economic-shocks-1828817
‘Cracks’ are starting to appear in consumer spending, warns Citigroup CEO Jane Fraser—and the worst may be yet to come
fortune.com/2023/10/02/citigroup-ceo-jane-fraser-cracks-showing-consumers-worst-to-come/
Paid articlePaid U.S. Economic Growth Slows to 2.1% in Q2 2023: In the second quarter of 2023, the U.S. Gross Domestic Product (GDP) experienced a slight slowdown ...
riotimesonline.com/u-s-economic-growth-slows-to-2-1-in-q2-2023/
'Working harder for less': SC small businesses feel squeeze of inflation, high interest rates
postandcourier.com/columbia/business/working-harder-for-less-sc-small-businesses-feel-squeeze-of-inflation-high-interest-rates/article_7be1a0ce-594e-11ee-86e9-43e68441b33d.html
U.S. to impose tariffs on tin mill steel from Canada, China, Germany -Commerce Dept
reuters.com/markets/commodities/us-impose-tariffs-tin-mill-steel-canada-china-germany-commerce-dept-2023-08-17/
Morning Bid: Rates dice, AI arms race and G20 snub: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2023-08-31/
Long Island poverty rate lower than the country's and median income higher, census data shows
newsday.com/long-island/us-census-poverty-rate-long-island-jooi6l6p
Job market stayed hot in June despite Fed rate hikes, fewer openings: The job market may be cooling slightly off recent highs, but its temperature is still ...
thehill.com/business/4131044-job-market-stayed-hot-in-june-despite-fed-rate-hikes-fewer-openings/
Quick Glance: US job openings at two-year low; labor market remains tight
- US job openings fell to the lowest level in more than two years in June, but remain at levels consistent with a tight labor market.
- Low job openings could lead the Federal Reserve to maintain high interest rates for an extended period.
- Job openings dropped 34,000 to 9.582 million in June, the lowest level since April 2021.
- The quits rate, a measure of labor market confidence, fell from 2.6% in May to 2.4%.
Americans are not making less money now than during the Great Depression: Some TikTok influencers and personalities are saying the current U.S. economy is bad ...
dallasnews.com/news/politifact/2023/09/08/do-americans-make-less-money-now-than-during-the-great-depression-thats-pants-on-fire/
New data is latest evidence America's inflation problem is receding: Friday's data continues a stunning run of releases that show inflation pressures ebbing.
axios.com/2023/07/28/inflation-federal-reserve-wages-spending
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.
Fed hikes rates again — and leaves options open for more: Central bank officials are cautioning that there might be more increases coming.
politico.com/news/2023/07/26/fed-hikes-rates-again-and-leaves-options-open-for-more-00108303
Quick Glance: US Economy Stays Strong: GDP Grows by 2.4% in Q2
- The Commerce Department announced that the gross domestic product, adjusted for inflation, increased by a 2.4 percent annual rate in the second quarter.
- Business investment rebounded in Q2 following a slump in the previous quarter, and growth was also supported by increased spending from state and local governments.
- According to Patrick Weiler, President and CEO, the company will initially utilize only a quarter of the available space.
The Fed’s favorite inflation measure cooled down even further in June: The inflation gauge tracked most closely by the Federal Reserve showed that the pace of ...
cnn.com/2023/07/28/economy/pce-inflation-consumer-spending-june/
An economist explains why the U.S. space economy’s output is shrinking: Using the broad definition and adjusting for inflation, the relative size of the space ...
fastcompany.com/90939884/economist-explains-why-the-u-s-space-economys-output-is-shrinking
Recent data has raised hopes among economists and investors that the central bank will achieve the rare feat of a 'soft landing'. ft.com/content/078cc92a-015d-4cc3-9c5a-46849f359000
August mortgage rates forecast: No relief in sight: The economy is growing with surprising stamina, and inflation is sticking around. Those signs point to an ...
omaha.com/news/nation-world/business/personal-finance/inflation-mortgage-rates-august/article_a255ac3a-9513-5dae-8f70-6ad63132afc3.html
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