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 Mariam Kiparoidze | Apr 28, 2023 | Economy, Personal Income
Photo by Alexander Grey on Unsplash After beginning this year hot, the economy began to slow in February, with U.S. consumers spending less and inflation easing. On Friday, The Bureau of Economic Analysis will release its Personal Income and Outlays report, showing if...
by Mrinalini Nayak | Apr 24, 2023 | Economy, Housing
US home prices have been declining steadily for the past seven months, a sign that the housing market is contracting as the Federal Reserve raises interest rates to combat inflation. The new Case-Shiller indicator which will be released on Tuesday, is expected to show...
by Mrinalini Nayak | Apr 18, 2023 | Economy, Housing
The prices of single-family homes across the U.S. continued to decline in January, for the seventh month in a row, just as mortgage rates continued to cool across the country. Nationally seasonally adjusted monthly home prices declined 0.2%, according to the S&P...
by Mrinalini Nayak | Apr 16, 2023 | Economy, Housing
As rents have skyrocketed across the country in recent years, tenants have been forced to take extreme measures to hold onto their homes: borrowing money from family and friends, taking out high-interest payday loans and running up their credit card balances to pay...
by Nicholas Morgan | Apr 16, 2023 | Economy, Manufacturing
The U.S. manufacturing sector shrank at its fastest rate since the COVID-19 pandemic after new orders dropped and production slowed as more consumers shifted their spending back into services. The Institute for Supply Management (ISM) on Wednesday released its monthly...
