The American consumer saved more and spent less in December, cutting back on restaurants, movies and sporting events. Will that slow inflation? We’ll talk about...
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A glass half full/glass half empty GDP reportEconomists often see both good and bad news in economic data. Today’s gross domestic product report was no different. The economy grew by 2.9% last... Read more
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The calculus behind those rent increasesToday, the White House announced a slew of actions aimed at helping renters. Though we’ve seen recent glimmers of a cooling rent market, the national... Read more
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The slowdown has begun for manufacturingAfter being fueled by a surge in pandemic demand, the manufacturing sector is showing signs of cooling off. Production and hiring in the industry slowed... Read more
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Why unemployment remains low even as layoffs tick upTech and finance companies have announced major job cuts recently, yet the unemployment rate hit at a 50-year low in December. What gives? The answer... Read more
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Inflation, immigration and the labor forceImmigration to the U.S. dropped dramatically in recent years as a result of the pandemic and policy at the border. That immigration slowdown translates into... Read more
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Is it time for the Fed to slow interest rate hikes?It’s a question that the Federal Reserve’s board of governors is weighing. Backing off too soon means prices could keep rising, but continuing to raise... Read more
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Why inflation hits people of color harderA new report from the New York Fed shows that inflation makes a bigger impact on the budgets of people of color and low-income workers.... Read more
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