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The Credit Crunch is Changing Banks’ Tune About the Cannabis Industry

The Credit Crunch is Changing Banks’ Tune About the Cannabis Industry

by Joseph Lingad | May 24, 2023 | Cannabis, Economy, Inflation

When Noah Carey founded his company in 2015, no banks worked with the cannabis industry. But now he is seeing financial institutions that once balked at the underserved market have a change of heart — in part because of the recent banking crisis. Carey’s company,...

Five Things to Watch Out For In April’s Consumer Price Index Report

by Joseph Lingad | May 10, 2023 | Consumer Price Index, Economy, Inflation, Jobs

  The Labor Department will release April’s Consumer Price Index Wednesday–a measure of prices for goods and services–amid sticky inflation, a robust job market, and the recent banking turmoil. Bloomberg is forecasting April’s inflation will remain at 5% but see...
U.S. Remittances Skyrocket, Sets Record High Amid Economic Headwinds

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

by Joseph Lingad | Apr 10, 2023 | Economy, Featured, Inflation

Angelo Cabrera immigrated to New York City from Mexico in 1990 as an undocumented immigrant at 16 and immediately started working in bodegas throughout the city, so that he could send money to his family in Puebla, Mexico. When the pandemic started, Cabrera increased...
Inflation Cooling in February Amid Bank Turmoil and the Fed’s 2% Goal

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

by Joseph Lingad | Mar 22, 2023 | Consumer Price Index, Economy, Featured

Despite robust economic data suggesting the Fed raise interest rates to taper inflation, the traditional banking sector is causing it to reconsider. Inflation modestly decelerated in February but the latest figures probably won’t dissuade the Federal Reserve Board...
U.S. Inflation Eased in January But Not Much

U.S. Inflation Eased in January But Not Much

by Joseph Lingad | Mar 13, 2023 | Consumer Price Index, Economy

Inflation cooled slightly in January, but not enough for the Federal Reserve Board to reconsider its plan to continue to raise interest rates anytime soon. The consumer-price index, which measures the price change for a basket of goods and services of the average...

Welcome to Issue Number One

Welcome to Issue Number One, a site covering economic trends. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.
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