Consumer spending barely rose last month after factoring in high inflation
admin The numbers: Consumer spending rose a modest 0.4% in August, as Americans appeared to pocket…
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Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why.
For the first time since November 2021, U.S. median monthly rents failed to notch a…
Read MorePandemic benefits may have helped improve equality in dozens of cities: analysis
Pandemic stimulus benefits and a tight labor market that boosted workers’ wages may have helped…
Read MoreOpinion: Donor-advised funds like Fidelity’s are starving charities of the money they need
Once upon a time, charity in the United States meant pitching in to help a…
Read MoreOpinion: Workers are falling behind inflation with every paycheck, but that won’t reassure a Fed determined to quash inflation
The Federal Reserve doesn’t love the employment report released Friday, which showed that 528,000 more…
Read MoreOpinion: Higher prices lead to higher wages, which fuel higher prices. The Fed must break this cycle with aggressive rate increases.
CAMBRIDGE, Mass. (Project Syndicate)—Recent price- and wage-growth data make it increasingly clear that the U.S.…
Read MoreGrowing up with rich friends can help a child escape poverty, researchers say
Want a more economically equal society? Start with your inner circle — or your child’s.…
Read MoreU.S. wage pressures heat up in second quarter
The numbers: The employment cost index rose 1.3% in the second quarter, down slightly from…
Read MoreJob switchers saw a greater increase in salary than people who decided to stay put. Here’s what’s at stake.
It pays to look around. The number of job switchers reporting wage gains has expanded…
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Opinion: Powell has picked sides, but which is worse for you: inflation or recession?
When Federal Reserve Chairman Jerome Powell said Wednesday that “no one knows whether this process…
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