Why does the world want dollars? Because of high interest rates, thriving economy in U.S.

Apr 23, 2024
The greenback is so strong that Japan and South Korea have complained.
“The U.S. has strong growth, strong earnings potential, and so we’re drawing in global equity investment,” said Win Thin at Brown Brothers Harriman.
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Summer EBT will help families buy groceries. But 14 states are opting out.

Apr 12, 2024
Administrative costs and a lack of political will are leading some states to turn down a new food aid program for children.
While $40 per child per month may not solve child food insecurity, it could help families that struggle with grocery costs.
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Home prices have risen 423% in 40 years, fueling economic discontent

Apr 9, 2024
From 1984 to 2023, the median cost of a new home rose from $79,900 to $417,700, more than double the rate of overall price inflation.
This is not the first time America has dealt with rapid, destabilizing price increases, says Thomas Stapleford, economic historian at the University of Notre Dame.
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Wage growth outpaced inflation in March

Apr 5, 2024
That's good for workers, who have been experiencing positive real wage growth since May 2023.
“And so workers are coming out ahead. They’ve now experienced positive real wage growth since May of 2023,” says Julia Pollak at ZipRecruiter.
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Fed Chair Powell: Interest rates likely won't return to "historically low levels" before the pandemic

Powell discusses how monetary policymakers arrive at consensus, the value of transparency and the issues that influence interest rate decisions.
"Marketplace" host Kai Ryssdal interviews Jay Powell, head of the Federal Reserve.
Courtesy Federal Reserve

What does the Fed mean when it says it's looking for 'good data'?

Mar 28, 2024
The latest Personal Consumption Expenditures index, or PCE, will be released Friday. Experts say there are other clues the Fed is looking for, too.
Basically, the Fed needs to feel the way it felt at the end of 2023 when inflation had been falling for half a year, says former Minneapolis Fed President Narayana Kocherlakota.
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As higher-income households do more shopping at Walmart, the store is stocking fancier brands

Mar 22, 2024
The fluorescent lit aisles of big box stores don’t scream luxury. But for certain items, consumers just don’t care.
The fluorescent lit aisles of big box stores don’t scream luxury. But for certain items, consumers just don't care.
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For public good, not for profit.

Unilever is planning to spin off its ice cream assets

Mar 19, 2024
The move, which would see Ben & Jerry's moved to a stand-alone unit, is part of a corporate restructuring.
Unilever and its new CEO want to cut out what’s not doing well and prioritize what they do best.
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Recent immigrants have filled labor gaps, boosted job creation, experts say

Mar 15, 2024
There has been a wave of migration to the U.S. — legal and not — since 2022. Many who entered are finding and keeping jobs.
In 2022 and 2023, 5.9 million people migrated to the U.S., according to the Congressional Budget Office.
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Import prices rose more slowly in February. That could help bring down inflation.

Mar 15, 2024
The Labor Department reported that the price of imported goods rose 0.3% in February compared to 0.8% the month before.
Prices at the import level can affect prices that show up in other inflation data.
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