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The NFIB reports a spike in its uncertainty index, perhaps triggered by thrifty consumers and the upcoming election.
Don’t be like Dr. Evil, who didn’t check the CPI before making ransom demands.
Inflation has eased in Europe as prices fall for electricity and other items that were affected by supply shortages from the Ukraine war.
Wages were running hot two years ago, rising about 6% annually. Things have cooled since then, with April average wages up just under 4%.
The Phillips Curve says that low unemployment is linked to high inflation. But history shows that the economy doesn’t always work that way.
The central bank seeks the right rate for controlling inflation while promoting economic growth. It’s a moving target.
Scanlon explains her philosophy of economic education in this excerpt from her book, “In This Economy? How Money & Markets Really Work.”
Prices have climbed persistently, yet the service is persistently scarce. That, in turn, hurts kids and undermines the labor force.
Higher global demand for the drink and climate change’s effect on supply are behind the upward trend.
This year, bigger-than-expected inflation reports are playing a role in determining when companies decide to borrow money by issuing bonds.