Icon (Close Menu)

Logout

inflation

Banking & Finance / Government & Politics / Investments / Real Estate

A Top Fed Official Opens Door to Keeping Rates High for Longer

Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank's key rate may have to remain at its peak for a while to bring down persistently elevated inflation. read more >
Agriculture & Poultry / Business Services / Construction / Manufacturing / Restaurants & Food / Small Business / Transportation

How Immigrant Workers in US Have Helped Boost Job Growth and Stave Off a Recession

MIAMI (AP) — Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, […] read more >
Banking & Finance / Real Estate

Homebuyers’ Quandary: To Wait or Not To Wait for Lower Mortgage Rates

While an average rate on a 30-year home loan of just under 7% is not far from the historical average, that’s little consolation to homebuyers. read more >
Restaurants & Food / Retail / Small Business

Retail Sales Surge 0.7% in March as Americans Seem Unfazed by Higher Prices

“Retail sales aren’t increasing just because prices are going up,” said Ted Rossman, senior industry analyst at Bankrate. "Americans are actually buying more stuff." read more >
Banking & Finance / Government & Politics / Investments

Federal Reserve Minutes: Some Officials Highlighted Worsening Inflation Last Month

Still, almost all the officials, according to the minutes, favored cutting their benchmark rate at some point this year. read more >
Banking & Finance / Energy / Government & Politics / Insurance / Real Estate / Transportation

Higher Gas and Rents Keep US Inflation Elevated, Likely Delaying Fed Rate Cuts

The costs of owning a vehicle were a key reason why prices jumped last month: Auto insurance surged 2.6% in March and are up a dramatic 22% from a year ago. read more >
Banking & Finance / Construction / Education / Government & Politics / Health Care / Restaurants & Food / Tourism

Another Month of Robust US Job Growth Points to Continued Economic Strength

Friday’s report from the Labor Department also showed that the unemployment rate dipped from 3.9% to 3.8%. read more >
Banking & Finance / Government & Politics / Investments

Powell: Fed Still Sees Rate Cuts This Year; Election Timing Won’t Affect Decision

“The recent data do not ... materially change the overall picture,” Powell said in a speech at Stanford University. read more >
Banking & Finance / Government & Politics / Investments

Powell Says Fed Wants to See ‘More Good Inflation Readings’ Before it Can Cut Rates

Speaking at a conference at the Federal Reserve Bank of San Francisco, he said he still expected "inflation to come down on a sometimes bumpy path to 2%.'' read more >
Banking & Finance / Restaurants & Food / Retail / Small Business

Want Prices To Start Falling? Be Careful What You Wish For, Economists Say

The reality is that the economy's health depends on steady consumer purchases. read more >
Energy

Here are the Big Hurdles to the Global Push to Build Up Renewable Energy

The world’s governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December. But right now, the post-pandemic global […] read more >
Banking & Finance / Government & Politics / Manufacturing

US Economic Growth for Last Quarter is Revised Up to a Healthy 3.4%

It marked the sixth straight quarter in which the economy has grown at an annual rate above 2%. read more >
Banking & Finance / Government & Politics / Investments

Federal Reserve Still Foresees 3 Interest Rate Cuts This Year Despite Bump in Inflation

Powell will surely be pressed on the topic at a news conference Wednesday after the Fed ends its latest two-day meeting. read more >
Small Business

Inflation Remains a Headache for Small Business Owners

The National Federation of Independent Businesses' Optimism Index fell to 89.4 in February. It's been below the 50-year average of 98 for 26 straight months. read more >
Banking & Finance / Government & Politics / Public Companies / Restaurants & Food / Retail / Small Business

February Retail Sales Up 0.6%, Weaker Than Expected

February's number was lifted in part by higher gas price as well as higher auto sales and a rebound in building materials. read more >
Banking & Finance / Business Services / Government & Politics / Insurance / Real Estate / Retail / Small Business / Transportation

US Inflation Up Again in February, The Latest Sign That Price Pressures Remain Elevated

Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%, the Labor Department said Tuesday. read more >
Banking & Finance / Government & Politics / Industry / Restaurants & Food / Tourism

Arkansas Sees Surge in Alcoholic Beverage Sales and Taxes in 2023Lock Icon

Excise tax collections for mixed drinks reached $20.88 million last year, a 7% increase over collections in 2022 and a whopping 120% increase over the pandemic year of 2020. read more >
Banking & Finance / Construction / Government & Politics / Health Care / Manufacturing / Real Estate / Restaurants & Food / Retail / Small Business

US Employers Add a Surprisingly Strong 275,000 Jobs, a Sign of Continued Economic Strength

Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January. read more >
Public Companies / Retail / Transportation

America’s Cart-Mart Posts $8.5M Loss in Fiscal Q3

Shares jumped on news of a partnership with an Atlanta-based auto services giant and promising results from a new loan origination system. read more >
Business Services / Construction / Government & Politics / Manufacturing / Restaurants & Food / Small Business

US Job Openings Stay Steady at Nearly 8.9 Million in January, a Sign Labor Market Remains Strong

Layoffs fell modestly, but so did the number of Americans quitting their jobs — a sign of confidence they can find higher pay or better working conditions elsewhere. read more >