In March, the Consumer Price Index, which measures the average prices consumers pay for many everyday items, rose to 3.3% from 2.4% in February. This is largely due to rising gas prices, which have affected other corners of the economy. Rising prices can also affect stock markets (in fact, they already have), so it is…
If you feel pressured when trying to meet the necessities of life, you are not alone. When inflation soared following the coronavirus pandemic, wages struggled to keep up. The result was more expensive necessities, such as food, housing, transportation and utilities, and less income to pay for it all. However, in recent years inflation has…
A delayed reading of the Federal Reserve’s preferred inflation gauge released Thursday keeps the central bank on track to hold interest rates steady next week. The Bureau of Economic Analysis released a combined measure of the Personal Consumption Expenditure Index for October and November due to the government shutdown that showed inflation rose 2.8% year…
The U.S. trucking industry continues to face a harsh economic reality: spot rates have failed to keep pace with inflation, squeezing carrier margins and contributing to significant financial pressure on truckers nationwide. Below is a clear picture of the disconnect: spot transportation rates (via the SONAR National Truckload Index) overlaid on the Consumer Price Index…
Drozd Irina / Shutterstock.com Social Security benefits have lost about 20% of their purchasing power since 2010. COLAs are calculated using a price index for urban wage earners and white-collar workers rather than the spending patterns of retirees. Seniors spend more on health care and housing, where inflation exceeds the overall rate used for COLA…
US stock futures remained weak as investors awaited Disney’s latest quarterly results and producer price index report. Dow Jones Industrial Average futures saw a drop of 0.16%, or 55 points, while S&P 500 futures saw a marginal increase. In contrast, Nasdaq-100 futures advanced 0.1%. Disney shares plunged more than 5% after releasing its second-quarter results,…
The stock market’s impressive rally during the first half of 2023, with the Nasdaq Composite posting its best performance in four decades and the S&P 500 gaining 16%, has raised questions about its trajectory for the rest of the year. Goldman Sachs experts analyzed the situation and predicted a continuation of the “fat and flat”…
In a positive turn for Wall Street, major stock indexes saw bullish momentum on Tuesday, buoyed by a pullback in Treasury yields. Investors are eagerly awaiting the release of crucial inflation data later in the week, which could significantly affect the Federal Reserve’s monetary policy decisions. All eyes are on the upcoming March US Consumer…
