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Inflation

Chile cuts its working week to from 45 to 40 hours

by Jane Chambers
Mar 13, 2024
Chile has approved a law saying that businesses need to cut their employees' hours from 45 hours to 40 hours a week to help give everyone a better work-life balance.
Employees at the company office of Home Mobili in Santiago, Chile.
MARTIN BERNETTI/AFP via Getty Images
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Consumers might wish for prices to drop, but here's why deflation is not a good thing

by Samantha Fields
Mar 12, 2024
Most of the time deflation is a signal of a struggling economy. Disinflation — when prices still increase, just more slowly — is the goal.
Once prices go up, it’s unusual for them to drop.
Justin Sullivan/Getty Images
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Even as hourly wages outpace inflation, rising prices take a bite

by Mitchell Hartman
Mar 12, 2024
It’s been harder for lower- and middle-income households to afford higher food, rent and gas prices without getting into debt.
“We see higher wage growth since the recovery. But if people are working less, their total earnings are still less than inflation,” said ADP's Liv Wang.
Justin Sullivan/Getty Images
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Is it possible that the economy has landed softly enough?

by Elizabeth Trovall
Mar 11, 2024
Fed Chairman Powell told a congressional committee not to expect a victory lap when and if the Fed decides it has finally beaten inflation.
Federal Reserve Chair Jerome Powell speaks before a House Financial Services Committee hearing on monetary policy on March 6.
Mandel Ngan/AFP via Getty Images
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What do falling inflation and rising incomes mean for consumer spending?

by Justin Ho
Feb 29, 2024
The January PCE report showed inflation easing further but still significant. Moderation in spending could also continue, analysts say.
Wage growth was resilient in January, but Social Security and other factors added to income gains.
Spencer Platt/Getty Images
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Steady GDP growth sets US apart from peer countries

by Sabri Ben-Achour
Feb 28, 2024
The U.S. economy has been growing at a steady clip while many others are faltering.
Despite interest rate hikes to combat inflation, the U.S. economy has grown for six quarters in a row.
Michael M. Santiago/Getty Images
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This might be the economy that liberals wanted, but do most voters feel the same?

by Kai Ryssdal and Sean McHenry
Feb 27, 2024
If people don’t feel the strength of the economy, Democrats may have a problem this election season, says Victoria Guida at Politico.
President Biden has low approval ratings despite vigorous economic growth, low unemployment and a strong stock market.
Stephen Maturen/Getty Images
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"I think our fear of high inflation is well warranted," Minneapolis Fed president says

by Kai Ryssdal and Sean McHenry
Feb 21, 2024
Neel Kashkari weighs in on the state of the economy and what's left to bring inflation down to the Fed's 2% target.
"I do the grocery shopping for my family. I started doing that when the pandemic hit, and I still have sticker shock," says Neel Kashkari, Minneapolis Fed president.
John Lamparski/Getty Images
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Want to know where inflation's headed? Look to the producer price index

by Nancy Marshall-Genzer
Feb 20, 2024
It's usually called a measure of wholesale prices, but it can also be a leading indicator that shows where consumer prices are headed.
The cost of hospital outpatient care was up more than 2% last month. Health care costs are included in both the PPI and PCE.
Joe Raedle/Getty Images
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Low inflation doesn't relieve pain of high prices

by Mitchell Hartman
Feb 15, 2024
Consumers' inflation expectations are falling. But they say the high prices imposed by inflation are still eroding living standards.
A Little Griddle eatery in Portland, Oregon, where co-owner Judd Harris has struggled to balance the prices he pays for supplies with the prices he charges customers.
Mitchell Hartman / Marketplace
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