Economy
Inflation is outpacing wage growth again, squeezing Americans’ paychecks
U.S. consumer prices rose 3.4% year-over-year in August while average hourly earnings increased just 3.1%, according to Bureau of Labor Statistics data. Real average hourly earnings adjusted for inflation...
Economy
A Fed hike next week seems certain after the latest inflation data. Here’s what’s ahead
A Federal Reserve rate hike seems increasingly certain next week following the release of the August consumer price index, which showed an annual inflation...
Economy
The Fed could raise interest rates three times. Here’s where the market could face the stiffest test.
The Federal Reserve is considering raising interest rates three times. Economists note that the Fed has historically not been content to raise rates only...
Economy
Your Social Security check could go up another $71 next year. That’s not necessarily good news.
Social Security benefits in the United States could increase by $71 per month next year. This rise corresponds to the annual cost of living...
Economy
Social Security COLA for 2027 may be 3.5% to 3.6%, new estimates show — the highest in 3 years
The Social Security cost-of-living adjustment for 2027 is estimated between 3.5% and 3.6%, the highest level in three years. This projection is based on...
Economy
Here’s the inflation breakdown for August 2026 — in one chart
The consumer price index rose 3.4% year-over-year in August 2026, unchanged from July, according to the Bureau of Labor Statistics. Gasoline prices climbed nearly...
Economy
Analysis: Hot CPI puts Kevin Warsh’s Fed credibility on the line before rate decision
August CPI data came in hotter than expected, with core prices rising 0.3% and headline inflation at 3.4% year-over-year. Federal Reserve Chairman Kevin Warsh...
Economy
Never mind the bond yields, Bank of America shows where the real threat to the economy lies
Bank of America has identified diesel prices as the real threat to the economy, overshadowing traditional concerns about bond yields. A strategist at the...
Economy
The 10-year Treasury yield is approaching 5%. What it means for income-seeking investors
The 10-year Treasury yield topped 4.9% on October 17, 2024, its highest level since November 2023, driven by wholesale inflation data and oil prices...
Economy
Bessent says ‘a large bank’ will be sanctioned on Monday as part of Iran strategy
U.S. Treasury Secretary Scott Bessent announced Thursday that a large bank will be sanctioned by the United States next Monday. The measure is meant...
Economy
All the ways record-high diesel and rising gas prices are about to make your life more expensive — from commuting to grocery shopping
Diesel prices have reached record highs while gas prices continue to climb, making many aspects of daily life more expensive. This increase will notably...