Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
Inflation in August reached its lowest level since February 2021, as reported by the Labor Department on Wednesday. The report…
Category: Economy
‘The summer job is back’: Teens enter the labor force as employers dish out higher wages, perks
Dailey Jogan was thrilled to discover that she would be earning $15 per hour along with a variety of benefits…
Germany slashes growth outlook in ‘serious’ diagnosis of Europe’s largest economy
The German government has revised its gross domestic product forecast, predicting only 0.3% growth in 2025. Economy and climate minister…
U.S. Latino economic output grows to $3.6 trillion, new report finds
The U.S. Latino economy experienced a 13% growth from $3.2 trillion in 2021 to $3.6 trillion in 2022, as per…
Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears
The relationship between the 10- and 2-year Treasury yield briefly normalized on Wednesday, reversing a classic recession indicator. Following economic…
Vista’s Robert Smith: How to prevent AI from further widening the racial wealth gap
The rapid rise of artificial intelligence (AI) has been remarkable in terms of both its speed and impact. According to…
Inflation rate hit 2.4% in September, topping expectations; jobless claims highest since August 2023
The Labor Department reported on Thursday that the pace of price increases over the past year exceeded forecasts made in…
These economists say artificial intelligence can narrow U.S. deficits by improving health care
Can artificial intelligence be so transformative as to solve one of the U.S. economy’s biggest problems: its skyrocketing fiscal deficit?…
Britain’s finance minister calls for spending discipline but no return to austerity
Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves assured on Monday that Britain would not revert to austerity measures, although…