The Consumer Price Index, if you take out food and energy, showed prices rising slightly. It climbed 0.2 percent, so year-over-year prices have climbed 2.2 percent. One of the reasons for the price hikes in November was rent. And you might not be happy to hear it, but it could well be another sign of […]
Consumer spending rose in September at its fastest pace in seven months. Personal incomes rose by the largest amount in nine months. Inflation seems under control. All of this can be seen as signs of future economic growth, so the economy is in good shape, right? Well, there are some warning signs worth watching. Click […]
U.S. businesses ramped up hiring in October, and wages rose by the largest year-over-year amount in nearly a decade. In the final major economic report before Tuesday’s congressional elections, the government said U.S. employers added 250,000 jobs in October. The unemployment rate stayed at a five-decade low of 3.7 percent. Classic economic theory predicts at […]
The Consumer Price Index tracks the average price change over time for a “basket” of goods and services. The CPI takes into account things like food, transportation and health care. If the CPI goes up, that’s considered an indication that the inflation rate is rising. But when the Federal Reserve calculates the inflation rate, it […]
