PCE inflation measure tops 4.0% in May; consumer spending strong
WASHINGTON — Inflation increased further in May, breaking above 4.0% for the first time in three years as…
Fed survey: Companies are absorbing higher oil costs, but fears of inflation continue to rise
Chief financial officers (CFOs) across U.S. companies said they’ve been able to navigate the challenges of increased energy…
Utah consumer sentiment falls, state economy ‘increasingly subdued’ amid international unrest
SALT LAKE CITY — After a few months of treading water, economic fallout tied to the war in…
Loop’s Creative Economy Generates $14.3 Billion A Year, Employs 66,000, New Study Says
THE LOOP — The Chicago Loop Alliance wants the Loop to be seen as more than an office…
China begins to snap at America’s heels in a tightening tech race
The recent news about China developing the world’s fastest supercomputer will trigger the predictable debate about whether Beijing…
California has one of the worst income inequality divides in the US
The rich in the Golden State earn much more than the poor, who are just getting by with…
Dallas Fed trimmed mean PCE price index +2.8% vs +2.4% prior
The rise in the trimmed mean is a sign that underlying inflation is accelerating. Now that might reverse…
Reeves urges Burnham to 'stick to what I'm doing' on economy – BBC
Reeves urges Burnham to ‘stick to what I’m doing’ on economy BBCEd Miliband takes key economic role in Andy…
Average 30-year U.S. mortgage rate rises to 6.49%, little changed from its range the past 6 weeks
The average long-term U.S. mortgage rate edged higher this week, staying close to 6.5%, where it’s been the…
Australian home price falls set to worsen as auction clearance rates collapse
Fewer homes are selling under the hammer. Australia’s housing market has been whipped into a tail spin, with…
PCE report: Fed's preferred inflation measure hits 3-year high, keeping talk of possible rate hike in play – Yahoo Finance
PCE report: Fed’s preferred inflation measure hits 3-year high, keeping talk of possible rate hike in play Yahoo FinanceCore…
Luxury consumers seen nudging sector back to growth despite global tensions
MILAN (AP) — Luxury consumers are cautiously resuming purchases of apparel, handbags and cosmetics despite continued geopolitical uncertainty,…