A customer shops for groceries at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images The final inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is particularly good. Overall, Commerce Department indexes,…
Oracle’s top lobbyist in Washington met privately with Senate staffers this spring about the company’s data-sharing agreement with TikTok, following the passage of a bill in the House of Representatives in mid-March that would effectively ban the social media app in the United States could. Oracle acts as a data center for US TikTok users….
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024 in New York City. Michael M. Santiago | Getty Images As recently as January, investors had high hopes that the Federal Reserve was about to launch a rate-cutting campaign that would reverse some of the most aggressive…
Agency emails show that the Bureau of Labor Statistics has shared more information about inflation with Wall Street’s “superusers” than was previously disclosed. The revelation is likely to prompt further scrutiny of how the government shares economic data at a time when such information is of great interest to investors. An economist at the agency…
U.S. President Joe Biden delivers remarks on the U.S. economy and his administration’s efforts to improve the American economy during his visit to Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South Carolina, U.S., July 6, 2023 Revitalize manufacturing. Jonathan Ernst | Reuters President Joe Biden is struggling to convince inflation-weary…
[The stream is slated to start at 8:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] The Commerce Department will release on Friday the February reading for the consumer spending price index, which the Federal Reserve considers its main measure of inflation. CNBC TV will offer…
The verdict on the presidential primaries is already in, but the best data on what they mean for the general election is only now emerging. This data is voting history: a personal record of who voted and who didn’t. It provides a definitive look at the makeup of the electorate and will help answer some…
One afternoon in late February, a Bureau of Labor Statistics employee sent an email about an obscure detail in the way the government calculates inflation — setting off an unlikely firestorm. Economists on Wall Street had puzzled for two weeks about an unexpected rise in housing costs in the consumer price index. Several had contacted…
The Federal Reserve may have a housing problem. At least there is a case mystery. Overall inflation fell significantly last year. But housing has proven to be a stubborn – and surprising – exception. According to the Labor Department, housing costs rose 6 percent in January compared to a year ago, rising faster each month…
