inflation

The latest jobs report shows that, as inflation has risen during the Iran War, wage growth has continued to slide. Wages are now growing at the slowest pace in more than five years.

Fed Chair Kevin Warsh gave remarks at the annual Jackson Hole Economic Policy Symposium on Friday morning. The speech seemed to signal that the Fed will have to raise rates.

Core PCE, the Fed’s preferred inflation measure, hit an annual rate of 3.3% today. But there’s not that much the Fed can do when there are so many factors outside of its control.

They plan to cut back their spending on most services, except for utilities, according to a survey by The Conference Board.

The personal savings rate is currently just 2.7%, much lower than it was in decades past.

Many families are spending less on school supplies this year by buying cheaper brands or fewer items overall. Retail analysts are worried about what this will mean for the holiday shopping season.

Stripping out the cost of imported energy, imports are about 4.5% more expensive than at the same time last year.

The debate over what to do about interest rates continues. And things have changed since the Fed’s last meeting in July.

A new study reaches that conclusion by comparing the U.S. to Belgium, where wages are indexed to inflation by law.

A look at new inflation data, a narrowing K-shaped economy, and the rest of the week’s economic news.