by Mariam Kiparoidze | Mar 1, 2023 | Economy, Personal Income
Photo by Allef Vinicius via Unsplash. Prices are rising and Americans are spending more again, suggesting that the economy is still strong and the Fed might have to raise borrowing costs more to halt the inflation spike. Friday’s report from the Commerce...
by Brianna Monsanto | Apr 3, 2022 | Retail Sales
Regular gas at the Speedway in Albemarle County, Virginia is at $4.20 per gallon, up from $2.72 a year ago. The grocery store a mile away, a Kroger, has raised the price of pork and beef. Yet in the middle of the two, one local business has somehow managed to avoid...
by Brianna Monsanto | Mar 24, 2022 | Retail Sales
Consumers slowed their spending in February as they continue to deal with higher prices. Retail sales grew a mere 0.3% in February, the Commerce Department said Wednesday. Gasoline stations dominated the report with a 5.3% increase in sales. These figures indicate...
by Lucy Papachristou | Mar 5, 2022 | Economy, Manufacturing
Auto workers in Sterling Heights, Mich. in 2014. (Photo: Flickr, CC BY-NC-ND 2.0) The manufacturing sector continued to grow steadily last month, indicating that the economy as a whole is resurgent and tempering fears that any lingering effects of the Omicron...
by Molly Boigon | Feb 24, 2022 | Economy, Featured, Housing
Housing prices in the nation’s largest cities increased last year at the fastest pace in three decades, though rising mortgage rates could cool the red-hot market this year. National home prices rose by 18.8% from a year earlier, according to the S&P CoreLogic...
