Economy

With the unemployment rate now at 4.6%, economists are predicting more of the same, at least for the first half of next year.

Bank deposits have been increasing for more than a year, according to the FDIC. While that could let banks make more loans, many banks are being cautious.

Based on this week’s jobs report, growth in average hourly earnings slowed to 3.5%, while price inflation is heating up.

Now that the government has stopped minting pennies, retailers and restaurants that tend to do a lot of cash business want the federal government to come up with a standard for rounding.

Many immigrant families are in lockdown or not working due to ICE enforcement, causing economic pressure that mirrors the pandemic.

The interconnectedness of the global economy may force the Fed to eventually follow suit.

The Employment Cost Index shows wages and benefits grew 3.5% in September year-to-year. That’s the lowest increase since 2021.

According to Peter Howitt, artificial intelligence has the power to create both future job loss and future jobs we can’t yet imagine.

Bond traders seem to be betting that rates may already be close to a level that keeps inflation down and the labor market strong.

Here are three AI bubble terms you may want to familiarize yourself with now. You know, just in case.