Burning rubber: How auto insurance prices have fueled inflation

Wednesday’s inflation report showed consumer price growth continues to drift higher. The Bureau of Labor Statistics reported price growth accelerated to 3.5% in March, from 3.2% in February. Few categories had as big a jump year on year than auto insurance, which soared 22% from March 2023, the most significant year-on-year jump in that category […]

Economic uncertainty reigns as the grip of inflation persists

Inflation likely remained elevated once again for the month of March, adding another round of price increases to Americans’ already-strained wallets. On paper, the U.S. economy looks solid. The unemployment rate has now remained below 4% for the longest stretch since the 1960s. Stocks are at all-time highs. The economy continues to add jobs. But since […]

‘They can’t get it wrong again’: Economists are increasingly uncertain about Fed rate cuts this year

The U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table. Friday’s jobs report reiterated the seemingly unwavering strength of the U.S. labor market and suggested further need for Fed caution. All eyes will now be on Wednesday’s consumer price […]

Small businesses are still hungry to hire, but many workers eye better pay elsewhere

Small and midsize firms remain eager to expand their workforces, but economists say many jobseekers are likely chasing higher pay at larger companies with deeper coffers. The U.S. economy added 303,000 jobs last month, far more than anticipated, the Bureau of Labor Statistics reported Friday. That blowout report came days after private payroll processor ADP […]