by Ben Harris Recently released government data hammered home what we have known for at least a year: A national housing shortage, not broad-based price increases, is driving inflation. Inflation over the past year was 3.1% — far less than in 2021 but still high enough for the ...
by Leonard Greene After the Five Guys franchise went viral the other day over a $12 burger, the joke making its way around the internet was that customers would have to start going to Four Guys just to save a little money. But it turns out that Five Guys wasn’t the worst offender ...
by Conor Sen Slower inflation was supposed to be a sign that the economy was cooling, all part of the Federal Reserve’s plan for higher interest rates to restore balance to the economy. For a while, things looked on track. But since the middle of January there’s an argument that ...
by Kathryn Anne Edwards What is inflation? Officially, it’s the change in average consumer prices over a period — a number that has, in recent months, been easing down toward the U.S. Federal Reserve’s 2% target. But for many people, it’s a way to describe in one word the ...
If it seems like the homeless population has grown, that’s because it has — everywhere. According to the annual point-in-time survey, there are almost 71,000 more people experiencing homelessness this year compared to last — an increase of 12% — totaling around 653,000 people. This ...
Against the odds, the Federal Reserve’s effort to guide the U.S. economy to a soft landing — reducing inflation without causing a recession — seems to be working. Recent data show a still-growing economy, a gently cooling jobs market and a slower pace of price increases in services. ...