by Genna Contino | May 14, 2024 | Consumer Price Index, Economy, Inflation
Inflation is still top of mind for many voters heading into the presidential election, despite the rate of price acceleration slowing considerably from its pandemic-era extremes. The consumer price index report, set to release Wednesday morning, will provide insight...
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,...
by Mrinalini Nayak | May 23, 2023 | Economy, Housing, Inflation, Jobs, Manufacturing
Ajax Paving Industries, Florida LLC couldn’t be any busier this year. The company is bagging multiple contracts for re-building interstate highways and roads in Florida as the fast growing state sees skyrocketing development from building roads and airports to homes...
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...
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...
by Mariam Kiparoidze | Apr 1, 2023 | Economy, Inflation, Personal Income
Photo by Nathan Dumlao on Unsplash U.S. consumers are spending less compared to the beginning of the year, while inflation eases, a sign of relief for the monetary policymakers trying to cool off the economy that started the year strong. Consumer spending increased by...
