Gasoline prices are expected to hit a three-year low as consumers prepare for Labor Day weekend, according to fuel-saving platform GasBuddy. In its Labor Day travel forecast, GasBuddy said the average price of gasoline will likely continue to decline, falling to $3.27 per gallon on the holiday. That would be the lowest Labor Day price […]
In just a few weeks, the US Federal Reserve will announce victory over inflation. But half of Californians disagree, according to a regular Census Bureau survey that looks at the intersection of social and economic issues, including how prices affect consumers’ psyche. For the past two years, the country’s central bank has used high interest […]
After Federal Reserve Chairman Jerome Powell all but confirmed that a rate cut was imminent, market attention quickly turned Friday to the question of when and by how much. Traders continued to price in a greater likelihood that the Fed will kick off what is expected to be a lengthy easing campaign in September with […]
According to official data, inflation in Mexico fell in the first half of August after reaching its highest level in over a year in July. The national statistics agency INEGI reported on Thursday that the annual inflation rate was 5.16 percent in the first half of the month, a decrease from 5.57 percent in July. […]
Vice President Kamala Harris confronted Game for their recent promise, rising prices on the “first day” of her potential presidency. In a social media post on Thursday evening, Harris said: “When I am president, it will be a Day one The priority is to reduce prices. I will take action against large corporations that engage […]
Headlines across the country this week reported what appeared to be good economic news for the American people: “Inflation rates continue to fall.” That may be good news for Wall Street, investors, and Federal Reserve economists, but hard-working Americans aren’t breaking out the champagne glasses. They’re not even popping open an extra beer or ordering […]
“Usually they say it’s not an issue for us … but then every three to six months we find out we can’t escape,” said ING’s Brzeski. A recession in the US would make the European Central Bank’s already “overly optimistic” growth forecasts “obsolete,” he said. However, if ECB President Christine Lagarde were asked about the […]
