NEADA found the average monthly electric bill has surged 29% since 2021, and natural gas has jumped 50% over the past year.
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Here’s what changes to Social Security payouts, tax deductions and Medicare premiums mean for retirees’ cash flow in 2026.
The latest reading of policymakers’ preferred inflation gauge is still coming in well above officials’ 2% target at 2.8%.
Holiday spending after Thanksgiving hit a record high, although notably only if you crunch the numbers a certain way.
Just weeks ago viewed as all but certain, markets now figure the odds of an interest rate cut in December is no different than a coin flip.
While a stop-gap funding deal is in place, the government still has some work to do to fill in its backlog of missing economic data.
The US has basically imposed tariffs on Christmas this year: Trees, ornaments and even gifts. Now, both shoppers and sellers feel Grinchy.
Rejuvenating frozen US housing sales will require a strong job market and mortgage rates low enough to pique sellers’ interest in new homes.
In September, Fed Chair Jerome Powell said that nine of the Fed’s 19 policymakers favored no more than one additional rate cut this year.
AI might factor into your paycheck more and more over the next few years. Some workers expect that to make pay scales fairer.
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.