inflation

Indicators

Will Fed’s Latest Rate Cut Be Powell’s Last?

Photo via BONNIE CASH/UPI/Newscom

The latest reading of policymakers’ preferred inflation gauge is still coming in well above officials’ 2% target at 2.8%.

2 min read

Photo via Lindsey Nicholson/UCG/Universal Images Group/Newscom

Indicators

Mixed Message to Fed: Layoffs, Job Openings Increase Simultaneously

The number of available positions climbed to 7.67 million in October, according to the JOLTS report, good for the highest mark in five months.

2 min read
Photo via Kyodo/Newscom

Economics

Traders Say a December Rate Cut Is Coming. The Fed Isn’t so Sure

Ahead of the Federal Open Market Committee’s meeting Wednesday, the CME Group’s FedWatch tool has the odds of a quarter-point cut at 87%.

1 min read
Photo via Michael Siluk/UCG/Universal Images Group/Newscom

Consumer

Dollar Stores Increasingly Make Sense for Crunched Consumers

Dollar General said Thursday that third-quarter revenue rose 4.6% to $10.6 billion and net profit 44% to $283 million.

1 min read

Consumer

What’s the Beef? For American Grocery Shoppers, It’s Meat Prices

Photo by krblokhin via iStock

US shoppers are now paying an average price of $6.60 per pound of ground beef, according to the US Bureau of Labor Statistics.

1 min read

Economics

Can the Fed Get Missing Economic Data in Time for Rate-Cut Decision?

Photo via BONNIE CASH/UPI/Newscom

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.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photos by Sabelskaya and Gyzele via iStock

Economics

US Tariffs Chew a Hole in Retailers’ (and Shoppers’) Christmas Stockings

The US has basically imposed tariffs on Christmas this year: Trees, ornaments and even gifts. Now, both shoppers and sellers feel Grinchy.

6 min read
Photo via JOHN ANGELILLO/UPI/Newscom

Markets

Wall Street Leaders’ Fears of Froth Finally Bubble into Markets

Goldman Sachs CEO David Solomon and Morgan Stanley CEO Ted Pick warned of an equities drawdown on Tuesday at a summit in Hong Kong.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by AltoClassic via iStock and Freepik

Economics

Thawing Housing Market Not Yet Liquid Enough to Jump-Start Sales

Rejuvenating frozen US housing sales will require a strong job market and mortgage rates low enough to pique sellers’ interest in new homes.

4 min read

Consumer

Chipotle Struggles as Customers Skip the Guac

Photo by Anne Czichos via iStock

Execs said that inflation-addled consumers are under the impression that Chipotle costs more than it does.

2 min read

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