Noking
Fight authoritarianism support Noking
The results of Trump-onmics
Double whammy for Americans: Inflation continues to rise as jobs outlook grows weaker
The cost of living continues to increase for Americans at a time when the job market appears to be on shakier footing, creating a complicated economic problem that could be tricky to solve.
The latest Consumer Price Index provided further evidence that some costs from President Donald Trump’s policies, such as sweeping immigration reform and steep tariffs, are slowly being passed along to consumers, economist Dean Baker, co-founder of the Center for Economic and Policy Research, told CNN on Thursday.
Inflation ticked up in August amid weakening job market
The Federal Reserve is expected to cut its benchmark interest rate next week as concerns about the economy intensify.
www.nbcnews.com
Fed seen on track for rate cuts as job worries eclipse inflation fears
Concern about a softening job market will keep the Federal Reserve on course to resume its interest rate cuts next week, though the U.S. central bank is likely to move cautiously because of fresh signs that tariffs are pushing prices higher.
www.reuters.com