Newest Inflation Data Gives the Fed More Reason to Wait to Cut Interest Rates

Jerome Powell Photographer: Al Drago/Bloomberg  Inflation picked up slightly in January, which could make it more likely that Jerome Powell and the Federal Reserve will wait until at least the summer to cut interest rates. The Personal Consumption Expenditures Price...

Home Prices Continue to Grow at Steady Rate in December

Home prices grew at a solid rate in December despite persistent high interest rates. The S&P CoreLogic Case-Shiller index, which measures home prices, reported a 5.5% year-over-year increase for the month of December. That’s up from a 5.0% increase in November....

Durable Goods Down in January, Economists say Boeing is to Blame

Durable goods orders fell sharply in January as transportation equipment orders declined. Orders dropped 6.1% to $276.7 billion in new orders from December, following a marginal decrease of 0.3% the previous month, according to the Census Bureau. Transportation...

January Retail Sales Fall 0.8% from December 

Retail sales tumbled more than expected in January as a result of colder than expected winter weather and the sharp decline in gasoline prices. Advanced Monthly sales for retail and food services declined 0.8%, the U.S. Department of Commerce reported Thursday, much...

U.S. Trade Deficit Proves Consumers Did Not Stop Spending in 2023

The U.S. trade deficit increased in December proving that the U.S. economy, especially consumer spending, remains strong.  The trade deficit for goods and services in December grew to $62.2 billion, increasing by $0.3 billion over the revised November figure of $61.9...

U.S. Remittances Skyrocket, Sets Record High Amid Economic Headwinds

Despite Covid shutdowns and economic volatility, U.S. immigrants find ways to send money abroad to help families.

Plants, Plans, People: Pentagon Faces Hurdles To Meet Goals For Keeping U.S. Rounds Flowing to Ukraine

Photo by Daniel Peinado via Pexels.com. Tucked away in a quiet corner of Des Moines County, the Iowa Army Ammunition Plant has seen its share of production highs and lows. Since it began operations in 1941, just as the United States was about to enter World War II,...

Young American borrowers are struggling to pay credit card debts

Image via Pixabay Money was never discussed in Fernando’s family, when he was growing up and as an adult he never had to think about finances. So it was a surprise to find himself unable to pay his credit card debt at 26, when he had just quit his $45,000 job and...

Inflation Cooling in February Amid Bank Turmoil and the Fed’s 2% Goal

Despite robust economic data suggesting the Fed raise interest rates to taper inflation, the traditional banking sector is causing it to reconsider.

Dull February retail sales mark departure from January’s holiday cheer

A post-holiday hangover clouded retail sales last month as resilient but weary consumers corrected their outsize January spending, holiday discounts faded and an air of caution returned, heightened by still high prices and rising interest rates.  Retail and food...