Insurance Costs Are Pushing Up Overall Inflation
Insurance costs are on the rise for various reasons, adding to overall inflation.
Posted inBanking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy
The jobs report comes as the Fed considers the timing of interest rate cuts.
The Federal Reserve is primarily watching progress on inflation as it contemplates its next steps, but it is also keeping an eye on the labor market.
European Central Bank, Citing Wage Growth, Keeps Rates Steady
Although inflation has eased, the eurozone’s central bank said that “domestic price pressures remain high.” Rates remain the highest in the central bank’s history.
Posted inBiden, Joseph R Jr Corporate Taxes Inflation (Economics) Presidential Election of 2024 State of the Union Message (US) Trump, Donald J United States Economy United States Politics and Government
In State of the Union, Biden Will Cheer the Economy and Draw a Contrast With Trump
Allies are pushing the president to do more to sell skeptical voters on his economic record and to attack his likely Republican rival on tax policy.