Inflation outpacing wage growth cuts into US purchasing power
US consumer prices rose 3.4% in August as average hourly earnings increased 3.1%, according to figures reported by CNBC.
By David L. Chen 10 hours agoSection
US consumer prices rose 3.4% in August as average hourly earnings increased 3.1%, according to figures reported by CNBC.
By David L. Chen 10 hours agoCDC says the 21-state outbreak tied to recalled iceberg lettuce is over, while FDA continues examining how the contamination occur...
By David L. Chen 10 hours agoMarkets heavily priced a September Fed increase, but July’s 9-3 hold and differing views on inflation left Kevin Warsh with uncert...
By Sarah Jenkins 22 hours agoChina’s imports rose 28.2% in August, below a Reuters poll forecast, as export growth lifted the monthly trade surplus to $119.09b...
By Sarah Jenkins 5 days agoWashington will bar specified Canadian goods from Sept. 29 while separately revising its 50% tariff list on Sept. 15.
By David L. Chen 5 days agoCanada has imposed 15% to 50% duties on selected U.S.-origin imports, matching U.S. tariff rates after trade talks broke down.
By Sarah Jenkins 5 days agoThe White House has urged the Fed to avoid raising rates as markets price a possible September move and Kevin Warsh stresses infla...
By David L. Chen 1 week agoJapan’s reserves fell 6.18% to $1.208tn in August after record yen-buying operations, with foreign securities leading the decline.
By David L. Chen 1 week agoFed Governor Christopher Waller said he could back a September rate hold if imminent inflation data confirm progress toward 2%.
By Sarah Jenkins 1 week agoAirfares and gasoline climbed sharply in July, while Groupon and Hostelworld reported higher use of selected value-focused travel...
By Sarah Jenkins 1 week agoUS employers added 162,000 jobs in August, far above surveyed forecasts, while unemployment stayed at 4.1% as the labour force als...
By David L. Chen 1 week agoThe U.S. private security industry exceeded $50 billion in 2025, as a San Diego business association and S&P 500 companies raised...
By David L. Chen 1 week ago