inflation

International Economics

Europe Wants to Fix Its Widening Productivity Gap With the US

Photo by Tiger Lily via Pexels

European productivity has increased only about 20% since 2000, about one-third the rate of the US.

2 min read

Photo by Aubrey Odom via Unsplash

Inflation & Prices

Renters Are Losing Hope They’ll Ever Own a House

A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.

2 min read
Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Inflation & Prices

Fed Keeps Interest Rates Steady Amid Solid Job Growth

The central bank held the funds rate at 5.25% to 5.5%, citing a “lack of further progress toward the Committee’s 2% inflation objective.”

2 min read
Photo by Matt Bennett via Unsplash

Advisor Upside

Older, Wealthy Americans Are Delaying Rate Cuts With Their Big Spending

Spending by older affluent Americans is helping grow the economy. But it’s also contributing to a delay in the Federal Reserve cutting rates.

1 min read

Consumer

Gucci’s China Problem Is Testing Investors’ Patience

Photo by Do Nhu via Unsplash

The company says a turnaround will take time as the market for luxury goods cools and China muddles through economic doldrums.

1 min read

Inflation & Prices

Europe Poised to Cut Rates Far Sooner Than US

Photo by European Parliament via CC BY 2.0

The European Central Bank signaled that it might be ready to pull the trigger in June.

2 min read

Policy & Power

Biden Proposes Boosting Minimum Tax Rate on Big Corporations

Photo by Gage Skidmore via CC BY-SA 2.0

During Thursday’s State of the Union address, President Biden proposed increasing minimum tax rates for billionaires and large corporations.

1 min read

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