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Hourly earnings have hovered at 4% annually. That’s not an inflation threat, but some workers say their income can’t keep up with their costs.
It’s a sign of a squishy job market.
High interest rates have held back investment in production. They’ve eased, but firms are wary of the effects of potential tariffs and tax cuts.
Wage growth for the last several months continued to exceed inflation, though there are some signs of cooling.
The Federal Reserve may take note of whether businesses anticipate having to pay higher wages or raise prices under the next administration.
Conflict in Ukraine and the Middle East, potential trade wars and climate disasters have monetary policymakers around the globe on edge.
Marketplace looked at how many incumbents lost control of the presidency or prime ministership, finding that more than 70% did.
Consumer inflation was pretty moderate in October, with prices overall rising 2.6% year-over-year. But car insurance bills have climbed by 14%—more than five times the rate of inflation overall.
It mostly comes down to one thing: housing.
Price growth has moderated. Wage growth hasn’t, for the most part.