Remittances to Mexico near a record but ‘super peso’ crimps spending power
People sending money back to Mexico this year have faced a new challenge: the “super peso.” The Mexican currency reached…
Risk-taker’s market? Why it may be practical to take chips off the table
It may be a risk-taker’s market. Investor and personal finance author Ric Edelman believes it’s a practical strategy to take…
Getting to 2% inflation won’t be easy. This is what will need to happen, and it might not be pretty
In theory, getting inflation closer to the Federal Reserve’s 2% target doesn’t sound terribly difficult. The main culprits are related…
Biden takes credit for easing inflation, strong job market as GOP polls better on economy
WASHINGTON — President Joe Biden lauded Thursday’s Labor Department report showing relatively stable inflation, taking credit for a recent spate…
Here’s the inflation breakdown for September 2023 — in one chart
Inflation was unchanged in September, but price pressures seem poised to continue their broad and gradual easing in coming months,…
Consumer prices rose 0.4% in September, more than expected
Prices that consumers pay for a wide variety of goods and services increased at a slightly faster-than-expected pace in September,…
Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show
Federal Reserve officials at their September meeting differed on whether any additional interest rate increases would be needed, though the…
Wholesale inflation rose 0.5% in September, more than expected
A measure of wholesale prices rose more than expected in September, indicating simmering inflation pressures for the U.S. economy. The…
Consumers starting to buckle for first time in a decade, former Walmart U.S. CEO Bill Simon warns
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week,…
Why now may be the time to own corporate bonds
There may be advantages to owning corporate bonds right now. JPMorgan’s Bryon Lake believes his firm’s Ultra-Short Income ETF (JPST)…
