Exclusive news, analysis, and commentary on governmental price and inflation reports, including Federal Reserve decisions.
As housing prices reach record highs nationwide – against quite a few forecasts at the start of the year – buying a home is now completely unaffordable in most parts of the country for the average American.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Americans are going to shop until they drop – Inflation and interest rates are up, the labor market is cooling, the pumpkins are out and the Halloween Federal Reserve meeting is nigh.
The U.S. Economy is taking Americans for a ride, interest rates hit a 23-year high at 8.34 percent on 30-year mortgages.
Federal Reserve chair Jerome Powell has met his match in the ongoing fight against inflation: skyrocketing oil costs.
Americans’ inflation-adjusted annual median income fell in 2022 to $74,580.
It’s not often the U.S. Federal Reserve faces a phalanx of wobbly banks as it weighs a decision to raise interest rates in order to cool inflation.