by Carlos Garcia | Mar 8, 2024 | Economy, Featured
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...
by Eliot Force | Mar 7, 2024 | Economy, Featured, Housing
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....
by Hannah Fierick | Mar 5, 2024 | Economy, Featured
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...
by Evelin Fajardo-Alvarez | Feb 19, 2024 | Economy, Featured, Retail Sales
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...
by Diana Escamilla Fuentes | Feb 13, 2024 | Featured, International Trade
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...
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...