Jesse

Why Does the Fed Prefer PCE Over CPI?

By: The Personal Consumption Expenditures Price Index (PCE), the Federal Reserve’s preferred inflation metric over the past 25 years, came in hotter than expected recently and Wall Street wasn’t pleased.According to the Bureau of Economic Analysis, February’s PCE inflation figure was up 2.8% year over year in February, higher than the median 2.7% increase expected…

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Phoenix likely to require stores to mind their carts

Phoenix is on the verge of requiring retailers to install locking wheels and even GPS devices on shopping carts so they don’t end up being abandoned in residential neighborhoods or on other commercial properties.The Economic Development and Housing Subcommittee last week tentatively approved for the full council’s adoption an ordinance specifying what…

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Stonehaven senior building fetches $23.5M

Listen to this article The Stonehaven Senior Living facility in Eagan is under new ownership after a $23.5 million sale. Stonehaven ALF LLC, an entity related to The Goodman Group of Chaska, acquired the property from Stonehaven Senior Housing Owner LLC, according to a certificate of real estate value made public Thursday. The property is…

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Job Growth Accelerated In March—But Unemployment Hits 4.2% As Tariffs Threaten To Send Jobless Rate Over 5%

Job growth was far better than expected and unemployment slightly worse than anticipated in March, according to Labor Department data released Friday morning, as the labor market under President Donald Trump takes shape – and tariff-related concerns cast a dark shadow. Job growth was far better than expected and unemployment slightly worse than anticipated in…

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