Inflation rose to 2.6% in Fed’s preferred gauge in December
Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics ...
The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
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Wages keep outpacing inflation as workers “do more with less”
And all this productivity is why wage growth keeps beating inflation, said Betsey Stevenson, a professor of economics at the University of Michigan. “Real wage growth has to come from productivity ...
US inflation increases in December; consumer spending robust
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...
Why the labor market could be the only hope for another Fed rate cut
Federal Reserve Chair Jerome Powell appears confident in the US labor market. But that means any signs of a slowdown could ...
'Budget constraints' hamper collection of economic data | Tatiana Bailey
Economists like me rely on data from federal data collection agencies like the Bureau of Labor Statistics (BLS) and the ...
US Labor Costs Rise From Year Earlier by Least Since 2021
US labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures ...
One chart shows that low-income Americans get hit hardest by inflation
Rising food and housing costs have hit the lowest-income Americans the hardest in recent years.
The Fed’s go-to inflation gauge heated up again
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends ...
Iowans have lost an estimated $34,000 to inflation since 2020.
How much has rising inflation since 2020 cost you? While Iowans need to spend more to maintain their standard of living, ...