Inflation hit historic highs last month as lingering supply chain issues and global tensions over Russia’s war with Ukraine dashed policymakers’ hopes that consumer prices would moderate. The Consumer Price Index (CPI) climbed 7.9% in the 12 months through February — the fastest rise in year-over-year inflation since 1982. The […]
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NAFTA renegotiation may put jobs at risk
President Trump announced the renegotiation of the North American Free Trade Agreement [NAFTA] to congress this month. The agriculture industry will be the sector most affected, but some are hopeful that through Trump’s decision to renegotiate and not withdraw from NAFTA, a better deal will surface for Americans all around. […]
H-1B Employees Could Help Manufacturers Hire Again
President Trump has staked his presidency on reviving manufacturing and restricting immigration, and he seems to think the two go hand in hand. He’s wrong. Manufacturing companies say they need skilled immigrants to build and maintain advanced factories, and the blue-collar workers the president has promised jobs to aren’t being […]
Five Things to Watch in April Auto Sales Report
Today is the sales cutoff for the month of April and the auto sales report will be released tomorrow. This month’s report will indicate for many whether the slump in sales seen in March’s report will continue the rest of the year. Last month’s seasonally-adjusted annualized rate came to 16.62 […]
Five Things to Watch For in March Durable Good Orders Report
The monthly good orders report for March comes out on Thursday morning, just shy of the gross domestic products report as well as President Donald Trumps 100th day in office. The report shows the health of the manufacturing sector and, as a result, a foreshadow of business investment spending. Overall, […]
Trump’s Immigration and Trade Policies Could Cancel Out
When her husband was deported to Juarez in 2012, Amy Rios couldn’t just leave her Wisconsin life behind to join him. In her hometown of Waukesha, Rios had a 2-year-old daughter to care for, an extended family network and a new career as a phlebotomist to maintain. It took nearly […]
High Prices, Low Supply Force Homebuyers to Scramble for Fewer Homes
Housing prices hit a 31-month high in February amid depressed inventory, making it hard for first-time buyers to purchase homes. The Case Shiller Home Price Index for the nation rose 5.7 percent in January over the previous month and increased 5.9 percent from the same month a year ago. Inventory […]
Consumers Are Buying Up SUVs and Crossovers, Leaving Sedans Behind
When 28-year-old Stephanie Rivera of South Gate, Calif. walked onto the car lot, she knew exactly what type of vehicle she wanted – fuel efficient and economic. Rivera upgraded from a Honda Accord to a Nissan Juke, also known as a crossover. “I bought a Nissan Juke specifically because it […]
Shoppers Are Looking For A Discount — And TJX is Reaping The Benefits
When President Trump took office in January, Simone Wilson was worried about how it might impact her small business. Wilson, who co-owns Spartan Construction and Interior Design just outside of Seattle with her husband James, was afraid her clients might not be as willing to dig into their pockets for […]
Aircraft Orders Carry Durable Goods Higher Than Expectations
Durable goods orders increased more than estimated in February, thanks to a second consecutive surge in orders for commercial aircrafts and more demand for electrical goods and appliances. The Commerce Department reported an overall 1.7 percent increase in durable goods orders, and an upward adjustment to 2.3 percent for January’s […]