Other News

Consumer Prices Poised for Moderate Increases in 2019

Consumer prices rose modestly in February after a three-month period in which prices remained unchanged, suggesting moderate inflation throughout  2019. The Consumer Price Index, which measures inflation in the United States economy, increased by 1.5 percent over the last 12 months, the Bureau of Labor Statistics said Tuesday. This figure […]

January Retail Rebounds After December’s Surprising Report

January retail sales improved over the prior month and likely indicate that surprisingly weak December data was an outlier. A report on retail sales released by the Commerce Department Monday showed a 0.2 percent month-over-month gain from December. Gains were posted in eight of 13 categories, including nonstore retail, which […]

US trade deficit in goods hits record $891 billion

The U.S. trade deficit blew up in December, once again hitting its highest monthly total since 2008, indicating President Donald Trump’s tariffs have been ineffective. The trade deficit rose 18 percent in December to $59.8 billion, according to data released by the Commerce Department on Wednesday. The data also showed […]

Personal Income Growth Drops The First Time In Three Years

Personal income growth saw a rise in December, with an unexpected drop in January. The report released by the Commerce Department on Friday showed personal income fell by 0.1 percent in January, the first decline in three years since November 2015, after a surge of 1 percent in December, a […]

Retail sales take an unexpected dip in December

December’s retail sales dropped off steeply in November and marked the sharpest monthly plunge in nine years, with almost every category showing a decrease in sales from the previous month. Data showed that overall retail sales fell 1.2 percent from November’s numbers – a figure well off analysts’ forecasts. Experts […]

Consumer Prices Aren’t Budging Despite Wage Growth

Consumer prices remained unchanged for the third consecutive month amid rapid job creation and wage growth, signaling to the Federal Reserve Board that planned interest rate increases may not be necessary after all. The 12-month percent change in CPI in January, that is, the consumer inflation rate over the last […]

Speculators return to Las Vegas as home prices surge

More than any other U.S. city, Las Vegas epitomized the housing boom and bust of the last decade. Housing prices were on a seemingly unending growth spree, a trend fueled by speculators flooding into the market and reaping profits off the bubble. Then, the bubble popped, cratering prices and pushing […]

Hispanic Economic Progress: Surging Faster but Still Behind

When President Trump visited Florida last month, he highlighted one achievement in particular: the economic progress made by Hispanics, a group that has strongly opposed Trump because of his immigration policies. The unemployment rate for Hispanics had hit 4.8 percent in October, a record low, and has remained at about […]