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Shelter played a key role in January’s higher-than-expected consumer price index. A dwindling supply of apartments could add to that effect.
Supporters of an extension to the 2017 Tax Cuts and Jobs Act point to revenue collection numbers to say that they did. But those numbers may not tell the whole story.
Austan Goolsbee says the central bank is keenly monitoring how changing economic policy is influencing inflation and employment.
Both benefits and wages outpaced inflation in 2024, according to data from the Bureau of Labor Statistics.
Two community outposts in the town of Crossville aim to ease the stresses of seniors on fixed incomes.
Employees are sharing some of the wealth generated by productivity gains, aided in many cases by automation.
As the second Trump administration begins, people have kept up their spending — but not all for the same reasons.
December saw a 0.4% monthly gain and November was revised up. Less well-off consumers kept up with the aid of credit cards or savings accounts.
Shelter costs were 4.6% higher in December than a year earlier, and they account for more than a third of the consumer price index.
Where prices did climb — warehousing and transportation — points to an inventory build. Upcoming CPI will make the inflation picture clearer.
