By Inflation is “destroying any joy we may have been able to afford,” the airman wrote. “We are literally grasping at pennies to survive and it’s killing us.”Statements from the airman — stationed at Holloman Air Force Base, New Mexico — and many others came in response to Military Times’ call for comments on how…
By Okay, folks, are you ready? The race for all the marbles is underway, candidates chosen for all federal and state offices, gobs of money being raised and spent, ads by the mega-gross assaulting the senses, volunteers knocking-calling-pleading for votes and commentators commenting continuously. Let’s begin by simplifying the main race, the presidential election. That race…
By The sun is burning a hole in Americans’ wallets. Back-to-back months of heat records and sweltering days have contributed to rising electricity costs, and experts say that without action, it’s a problem that will likely only get worse. According to CBS News’ price tracker, the cost of electricity has increased from $0.14 per kilowatt hour…
By “Corporate greed” is the Democrats’ explanation for higher food prices. gettyThe common perception among commentators and pundits was that the Democratic National Convention was devoid of any focus on issues. There was a lot of joy. But very little substance. Except for one rather remarkable exception. As the Wall Street Journal put it, “At…
By Penn Mutual Asset Management CIO Mark Heppenstall joins ‘Mornings with Maria’ with his perspective on several U.S. economy headlines. An inflation measure closely watched by the Federal Reserve inched higher in July as elevated prices continue to weigh on millions of Americans. The Commerce Department reported Friday that the personal consumption expenditures price index…
By We’ve got two more months of inflation data to go. But right now, some estimate that Social Security benefits could see a 2.57% hike for the cost-of-living adjustment in 2025.Some retirees might be looking at an extra $47 or so a month beginning in 2025 — if they receive the average benefit of around…
By The Commerce Department at 8:30 a.m. ET Friday will release its personal consumption expenditures price index. For the July reading, the Dow Jones consensus sees little change in recent trends — 0.2% monthly increases in both headline and core prices, and respective gains of 2.5% and 2.7% annually. The report could influence the September…
By Donald Trump pledged to “bring back the American Dream” at the Republican National Convention in July. At last week’s Democratic National Convention, presidential nominee Kamala Harris saluted Americans “who work hard (and) chase their dreams.”But just how big do we need to dream now when it comes to our finances?USA TODAY has put the…
By At the recent central-bank symposium at Jackson Hole, Federal Reserve Chairman Jerome Powell delivered a widely expected message on interest rates: “The time has come for policy to adjust.” He all but confirmed that the Fed would cut rates by at least a quarter-point when its policymakers next meet in September.A modest cut makes…
By Last week was full of speeches. Most of those that attracted national attention were at the Democratic National Convention, culminating in Vice President Kamala Harris’ big moment on Thursday. But there was another important speech on Friday: Federal Reserve Chair Jerome Powell’s talk at the Fed’s annual shindig in Jackson Hole, Wyo. Yes, Powell’s…