Wage growth is outpacing inflation. High productivity is the key to sustaining that.

Oct 31, 2024
There's good reason to believe productivity will stay strong. When the labor market was tight, employers invested in upgrades.
U.S. workers have been more productive, and they've reaped a share of the economic gains.
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The economy has been stabilizing. But for some small businesses, it also feels a little out of whack.

Oct 30, 2024
Even though inflation has subsided, interest rates are heading down, and the labor market is loosening up, many business owners say the problems that emerged over the last few years haven’t gone away.
One pain point for small business owners in this economy? Shipping and other supply chain parts are more expensive than before the pandemic.
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Wage growth is slowing, but it's still staying ahead of inflation

Oct 30, 2024
The job market is still tilted in workers' favor.
It's still a worker's job market, says Nicole Smith with Georgetown's Center on Education and the Workforce. That's because job openings outnumber people looking for work.
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The Fed's about to get its preferred measure of inflation. Here's what it could mean.

Oct 30, 2024
The PCE index could come in at the central bank's much-vaunted target of 2% inflation.
The PCE may have dipped to or close to the Federal Reserve's 2% inflation goal, thanks in part to falling gas prices.
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As focus shifts from inflation to employment, the Fed’s job is still tricky 

Oct 23, 2024
The September rate cut raised hopes for a sturdy labor market into next year and beyond. The effect on jobs, though, may take time.
The labor market has shown strength and fragility this year. Potentially, lower interest rates could be good for business investment and hiring.
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For today at least, Treasury yields hint at a strong future economy

Oct 22, 2024
The 10-year note is around the highest level since July. Traders expect mild but persistent inflation to restrain Federal Reserve rate cuts.
The healthy economy is keeping Treasury yields up, which may affect the Federal Reserve's interest rate policy. Above, Fed Chair Jerome Powell.
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Chicago Fed president explains “the hardest thing that a central bank has to do”

Oct 10, 2024
Austan Goolsbee talks about the Fed's timing in moments of transition, if COVID is still affecting the economy, and why he's a "data dog."
"I'm in the data dogs. And the thing about the data dogs [is that they] don't respond to one month," says Austan Goolsbee about the importance of taking the long view before making decisions.
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For public good, not for profit.

Inflation is falling, but consumers aren't celebrating yet

Oct 10, 2024
The September CPI showed inflation slowing to 2.4% annually, but consumer sentiment hasn't yet rebounded to pre-pandemic levels.
People are still feeling down about the persistence of high prices.
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Inflation is coming down, but prices won't

Oct 3, 2024
Generally once prices rise, they don't go back down.
Despite lowering inflation, lowering prices mean other costs for business owners.
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What to expect when you’re expecting a Fed framework review

Sep 24, 2024
A lot has happened in monetary policy since the last time the Federal Reserve updated its long-term strategy goals.
After a busy few years in monetary policy, it’s once again time for the Federal Reserve to conduct a review of its long-term strategy.
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