Tag
The June CPI numbers were pretty good, but more interest rate hikes are likely coming on the way to the central bank’s 2% target.
Wage growth beat inflation in May and June for the first time since March 2021. But economists say two months do not a trend make.
That would be a good sign for the Federal Reserve as it tries to get inflation under control.
Inflation has hit the medical industry hard.
To not be so stubbornly good? “We still see the labor market running very hot,” one economist says.
How some other big economies are handling rising prices.
“Survivor”still offers the same $1 million grand prize it offered when it debuted in 2000. If the prize money had kept up with inflation, that $1 million offered in 2000 should now be $1.8 million.
The owners of Growing Groves Plant Shop in Davis, California, are sleeping better after a year in business.
Big businesses can rely on reams of data to figure out how much to raise prices. Small business owners don’t have that luxury.
Jerome Powell has stuck to the same script on whether more interest rate increases are coming — but that script has a cliffhanger ending.