Tag: Inflation
Can AI ‘sorcery’ solve the ‘productivity paradox’ that has gripped the economy for 25 years? A Shakespearean sea change is underfoot
The late plays by William Shakespeare are alternately called his “romances” or his “problem plays,” because of their ambiguity in tone, as they alternate...
Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says
Powell noted that while labor markets remain in balance, it is a “curious kind of balance that results from a marked slowing in both...
Even McDonald’s CEO knows the fast-food giant is too expensive. Now he’s cutting prices to woo back cash-strapped consumers
McDonald’s has been struggling to hold on to its low-cost image. Now fast food’s largest brand is trying to fix what many of its...
Starbucks’ CEO is ditching a merit system and giving all salaried staff a flat 2% pay raise instead
Starbucks will provide a flat 2% pay bump to all salaried employees in North America this year as the coffee chain looks to minimize...
Fed minutes reveal concern over ‘the effects of higher tariffs’ as central bank left rates unchanged
WASHINGTON (AP) — Most Federal Reserve officials said last month that the threat of higher inflation was a greater concern than the potential for job losses,...
Trump once again gets fresh ammunition in his fight with the Fed, calling on Governor Lisa Cook to resign over mortgage-fraud claims
President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud.
Bill...
The exact salary the ultra-wealthy say they’d need to feel ‘comfortable’ in the current climate has been revealed—and it starts at $500,000
It wasn’t too long ago when earning six figures felt like achieving the American Dream: luxury sports cars parked in front of mansions, fridges...
Home Depot says tariff price increases are coming and customers are putting off larger home-improvement projects as worries about the economy fester
Home Depot customers are putting their big home-improvement projects on hold as worries about the economy and interest rates have them sticking to smaller...
We still aren’t sure what’s going on with tariffs and inflation — or what will happen next
Months after President Donald Trump launched his trade war, economic data continue to give mixed signals on how much tariffs are affecting prices in...
Trump is deporting so many immigrants that it could cause inflation to hit 4% next year, top economist says
Donald Trump’s new immigration policies—including deporting, the White House claims, about 750 immigrants a day on average—are helping drive up prices, Moody’s chief economist...