The personal consumption expenditures surprisingly rose while consumers increased their spending in January. Consumer spending increased and inflation picked up in January, likely setting the Federal Reserve on course to continue raising interest rates in the months to come in order to reduce pricing pressures. According to estimates released by […]
The rate of US inflation is continuing to cool but not at a quick enough rate to change the Fed’s planned course of action. The Consumer Price Index (CPI) increased 6.4% in January over the last 12 months, according to the latest report released last week by the Bureau of […]
U.S. retail sales rebounded in January after a disappointing holiday season, indicating that the economy remains resilient despite fears of an oncoming recession. The Monthly Retail Sales Report, released by the U.S. Department of Commerce, recorded an increase of 3% in sales from December 2022 to January 2023. Consumers spent […]
Rachel Simonis thought she would spend her career as a nurse on the newborn intensive care unit of Meriter Hospital in Madison, Wisc. But it wasn’t long before the stress of the hospital started to take a toll, and then the pandemic pushed her over the edge. Simonis, 26, quit […]
Tom Croly’s Maui bed and breakfast once drew guests from around the world: Americans made up the majority, but there was a steady stream of Europeans and Canadians as well. Then the pandemic hit, leaving Dreams Come True on Maui empty for nine months. Even now, more than a year […]
Before the pandemic, Miranda Doyle, 34, worked as a project manager at a Pennsylvania- based interior design company. The business shut down temporarily when the state issued a stay-at-home order in March 2020, allowing Doyle to take care of her three children while they attended school remotely. The company resumed […]
Juanita Waters wasn’t ready to quit working. But the United States Postal Inspection Service, where she worked for nearly 25 years, had a mandatory age cap in place. So, in March, she retired from the agency and left for a job in the private sector as an investigator for TD Bank.
When Angela Huddleston went searching for a new job in July of 2020, she wasn’t sure if her criminal record – two DUIs and one charge for possession of methamphetamine – would serve as an insurmountable barrier towards finding something better. To her own surprise, she was soon offered a […]
The Bureau of Labor Statistics will release its April CPI report on Wednesday, offering some insights into the US inflation picture. Economists surveyed by Bloomberg expect headline inflation will have risen 8.1% from April 2021 to April 2022. Here are five things to watch in the monthly report out Wednesday […]
The Bureau of Labor Statistics will issue its Consumer Price Index report for April on Wednesday. The measurement, which tracks price movements across a broad range of goods and services, is expected to show the rate of inflation slowed slightly to 8.1% from 8.5%, according to a survey of Bloomberg […]
