Diccon Hyatt

Key Takeaways Typical wages for U.S. workers are 7% lower after adjusting for inflation than if pre-pandemic trends had continued, according to new research.

Key Takeaways Fed officials are divided about interest rate policy, with “many” favoring rate hikes if inflation doesn't cool down soon, according to minutes from the Fed's July meeting released Wednesday.

Fed officials weigh higher interest rates and cutting meetings, with persistent inflation driving policy changes. See how this could impact the economy.

Key Takeaways The U.S. national debt hit $40 trillion this week, having doubled in less than 10 years.

Key Takeaways A viral social media post about a hypothetical $20 burrito has ignited a debate about the rising cost of living.

Key Takeaways The latest wave of tariffs would impose a 50% import tax on a range of products from Canada.

Key Takeaways Forecasters expect inflation to have decelerated slightly in July, with the Personal Consumption Expenditures price index rising 3.6% over the year.

Wednesday’s inflation report is expected to show core and headline PCE inflation trends and what they mean for the Fed, markets, and consumers.

Key Takeaways The Fed's preferred inflation measure rose 3.7% in July, slightly above forecasts.

The Fed’s preferred measure of inflation stayed in a holding pattern in July, increasing slightly more than forecasters had expected.