Inflation increased in the last month, signaling more interest hikes shear
Consumer Price Index inflation decreased to 6.4 percent on an annual basis. Inflation continued to slow on an annual basis in January, but it picked up on a monthly basis, which could lead the Fed to raise interest rates higher than previously expected. The...
Inflation is Speeding Back Up, A Worrying Sign for the Fed
After two months of easing at the end of last year, inflation sped back up in January.
January Retail Sales Increased Which May Cause Feds To Raise Interest Rates
Surprising results for January, increased retail sales could sway the Federal Reserve efforts to raise interest rates even higher to effectively slow down the economy. Retail sales spiked in January, an indication of increased spending by consumers that could force...
U.S. Trade Deficit Reaches Record High in 2022 Driven by War and Inflation
Both imports and exports increased strongly during the first half of the year and slowed down towards the end of the year, in line with the cooling of the domestic and international economy
Fewer Kids are Going to College. Here’s Why That’s Bad News for the Economy.
High school senior Chris White planned on attending University of Texas at Arlington, a local university about a 30-minute drive from his home. But then covid hit, his father lost his job because of pandemic-related lay-offs, and he struggled to adapt to remote and...
Even in states like Texas, the high cost of materials threatens housing affordability
Eddie Franz has been in the homebuilding industry in Houston, Texas, since 1972. He weathered the financial crisis in the ‘80s and survived the 2008 recession, but the challenges he faces now are unlike anything he has ever seen before. “The sheet of plywood that we...
The Future of Institutions: Will Hiring Practices at Museums Change Following a Pandemic Disruption?
Juline Chevalier packed her bags in June of last year when her position at the Minneapolis Institute of Art was eliminated. After five years and six months of working as a museum educator at the MIA, she returned to Virginia, where she continued working as the...
5 Things To Watch For In April’s CPI Report
When the Bureau of Labor Statistics releases the April consumer price index (CPI) report on Wednesday, May 12 at 8:30am, economists forecast a 0.2 percent increase in the overall CPI, which includes all indices, and even smaller gains in the core CPI, which exclude...
Weak U.S. Job Growth in April Casts Doubt on Recovery
The job market stumbled last month, dampening hopes for rapid economic recovery amid the coronavirus vaccination rollout, while crystallizing debate over the health of the economy. U.S. employers added a meager 266,000 jobs in April, the Labor Department reported...
5 Things to Watch For in March’s International Trade Report
The March international trade report is expected to deliver news of another record-breaking trade deficit. The U.S. is importing and exporting more, a sign that the economy is finding its legs as it recovers from the pandemic-induced recession. The trade gap is...