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Average wage growth has slowed in recent months, though according to the May jobs report, it’s still ahead of inflation.
But some economists say the relationship between inflation and employment is not as black and white as it used to be.
Voting in the U.K.’s general election takes place on Thursday, and the economy has been at the center of the campaign.
It’s taking a longer time for the broader economy to feel the impact of higher interest rates, in part because of debts locked in when rates were lower.
Economics has frustrated efforts to expand the turbine fleet and meet clean energy goals. But the industry is adjusting.
Owners’ equivalent rent measures the market cost of living in a home — which is a bit different from how much we actually spend on housing.
Initial jobless claims hit a 10-month high last week. If that takes pressure off prices, the Federal Reserve might reduce interest rates.
Despite the CPI coming in unexpectedly low, the Federal Reserve needs more convincing that inflation is really getting better.
Decades ago, the Fed was battling double-digit inflation, and Chair Paul Volcker took aggressive action that drove interest rates way up.
A survey reveals the general public doesn’t always agree with economists on what causes higher prices.