inflation

Another hot CPI report must mean the Fed is going to raise interest rates, right?

The average real hourly wage, accounting for raises and inflation, went down by 0.3% over the past 12 months.

Staffers might compare prices with online resellers, while overhead at thrift stores has likely gone up, experts told Marketplace.

Inflation gets worse when consumers expect it to get worse.

The labor market got a good report card for August, but inflation remains high. That complicates the Federal Reserve’s decision-making process.

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.