Consumer sentiment has fallen to its lowest recorded level, driven by dissatisfaction over price increases stemming from the US-Israeli conflict with Iran. The University of Michigan’s latest consumer survey, released on Friday, indicated a decline in sentiment of 11% early Read More …
In the face of persistent, budget-busting inflation over the years, there was a notable positive: For the last 34 months, average wages have been increasing at a rate that outpaces price growth. That is anticipated to shift – in the Read More …
Chair Jerome Powell stated on Monday that the Federal Reserve’s response to the US-Israeli war on Iran is significantly influenced by the impact of the conflict on Americans’ inflation expectations. “The tendency is to look through any kind of a Read More …
President Donald Trump made an ALL-CAPS reversal on Iran strikes Monday morning. That sent oil prices plunging. Sadly, your gas prices aren’t about to follow suit. The average price of US gas is closing in on $4 a gallon, and Read More …
The major U.S. index futures indicate a slight decline at the open on Wednesday, suggesting that stocks may retrace some gains following the upward movement observed in the last two sessions. The futures experienced a slight decline after the Labor Read More …
The ongoing US-Israeli conflict with Iran, now entering its third week, is undermining expectations for any interest rate reductions by the Federal Reserve this year. The conflict has triggered the most significant disruption to oil supply ever recorded, resulting in Read More …
The ongoing conflict in the Middle East is poised to challenge the resilience of a global economy already strained by tariffs and various trade disruptions experienced over the past year. Barely a week into the latest turmoil in the region, Read More …
The government faces a liability of $134 billion – and increasing – in tariff revenue that was collected under President Donald Trump’s extensive tariffs, which were deemed illegal by the Supreme Court last week. To what extent will consumers, who Read More …
A Friday the 13th economic report presented what could be interpreted as favorable news: Annual inflation experienced a notable deceleration. However, certain details of the latest Consumer Price Index presented a more sobering picture: Some price pressures are not only Read More …
In December, US consumer prices experienced an annual increase of 2.7%, marking the conclusion of a year characterized by modest advancements in inflation, yet persistent affordability challenges for a significant portion of the American populace. The most recent Consumer Price Read More …