Economy
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Report finds Americans are still paying off credit debt from last Christmas
Study was done by WalletHub.
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U.S. economy sets 2-year high for growth, exceeding analysts' expectations by more than 40%
Plunge in private business investment from second quarter nearly stopped in third quarter, down just 0.3%, Commerce Department says.
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Consumer prices increased in November at annualized rate of 2.7%, lower than expected
The rate was lower than the projected 3.1% by Wall Street.
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US wholesale inflation increased in June suggesting some price pressures remain high
That is the sharpest year-over-year increase since March of last year. It is happening as other indicators show that inflation has continued to ease.
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Inflation rate for June 0.1% less than previous month, annual rate now 3%, Labor Department
The slightly lower rates could be a sign for the Federal Reserve to cut its interest rate.
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Increased air travel has not resulted in increased airline profits
Airlines move to save money after an increase in air travel lacks profits.
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US economy added 206k jobs in June, unemployment rate increased to 4.1%
Jobless rate is the highest since October 2021
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Bidenomics: More companies announce bankruptcies, shutter operations, citing inflation
The trend of stores closing is up from the amount that closed in 2023.
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Federal Reserve keeps key interest rate, signals just one cut is expected before year's end
Recently released forecasts show only slight optimism about inflation remains on track to falls to the Fed’s targeted 2% goal
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Consumer prices rose 3.3% in May, compared to 12 months earlier, Labor Department
Later today, the Federal Reserve will release its latest policy statement that is expected to keep interest rates steady.
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US added 272K jobs in May, better than expected, but unemployment rate increases to 4%
The Labor Department reported Friday the U.S. economy added 272,000 in jobs in May but that the unemployment rate for last month increased to 4%.
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Memorial Day cookouts expected to cost 10% more this year than last as cost of meat increases
Ketchup has reportedly increased by 10 cents, and a regular grocery store trip is costing families 20% more than it did in 2021.
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As White House touts success of 'Bidenomics', voters struggling to keep pace see bleaker picture
President Biden claims that when he took the oath of office in January 2021, inflation was at 9%. It wasn't even close: he inherited an inflation rate of 1.4%.