AI might factor into your paycheck more and more over the next few years. Some workers expect that to make pay scales fairer.
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The gold standard hasn’t made a comeback, but the precious metal’s price is breaking records as confidence in the US dollar fades.
The report cautions tariffs are driving inflation higher and says companies are grappling with whether to pass the costs to consumers.
It’s not all sunshine and roses, however, with economists still flagging rising inflation and a weakening labor market going forward.
Whatever they say, consumers’ actual spending has remained rock solid, even if sentiment is yet to return to prepandemic levels.
The Federal Reserve is poised to cut interest rates this week, but whether the era of “higher-for-longer” rates is over is another matter.
An index of sales prices rose at its fastest pace in three years as tariffs wound their way into the supply chain.
The laws of business gravity say that when costs go up, those costs will, eventually, trickle down to the consumer.
The economy added just 73,000 jobs in July, according to the Labor Department, well below the expectations of economists surveyed.
The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.
Simply put, Powell says he needs to wait and see June and July price data to know just how impactful and inflationary tariffs have been.
Despite new data this week showing inflation has cooled, Powell and the Federal Reserve are still expected to hold off on rate cuts.
Walmart says price hikes are coming this month and in the summer. You can thank tariffs on imports for them.
Cleveland Fed President Beth Hammack said the central bank could be ready to take monetary policy action beginning in June.
That’s right: CPI fell 0.1% in March, according to the US Labor Department, marking the first month-over-month decline since May 2020.
Advisors are calling for an economic slowdown. The million-dollar question is how hard it will hit.