Economy
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Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
Consumers showed they are still spending despite the elevated price level, with personal spending up 0.8% on the month.
Black and Latino workers die on the job at disproportionate rates, new report shows
The rate of homicides against Black and Latino workers has also reached an all-time high.
A $1 million wealth gap now divides white families from Black and Hispanic ones, research shows
New research from the Urban Institute shows the persistence of a wealth gap that has plagued American workers and families for generations.
Why the Fed's keeping rates higher for longer may not be such a bad thing
It’s a question that, despite the current conditions, makes Wall Street shudder and Main Street queasy, as well.
UAW's Tennessee win fuels backers' hopes in the South, but some skeptics are unmoved
The labor fight heads next to a Mercedes plant in Alabama, where one worker said “people on the floor think we’re going to win,” despite opposition from management on up to the governor.
Car insurance rates are nuts right now. Here's how to lower your bill when cash is tight.
With costs up 22%, it may be time to take that defensive driving course (online!) and bank the discount.
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
Powell added that until inflation shows more progress, “we can maintain the current level of restriction for as long as needed.”
Free cash programs spread as more cities expand the anti-poverty safety net
Across the country, city-led guaranteed income programs are delivering unrestricted payments to struggling households, including those ineligible for other aid. Conservative critics are pushing back.
U.S. consumer sentiment falls slightly as outlook for inflation worsens
An increase in gas prices likely contributed to the decline in consumers’ outlook, according to Ian Shepherdson, chief economist at Pantheon Macroeconomics.
Consumer price growth accelerated in March, adding to cloudy picture for U.S. economy
Since the start of the pandemic, Americans have seen average prices increase more than 20% overall. Despite this, economic growth in the U.S. rolls on.
With violent rhetoric, Trump zeroes in on electric vehicles in effort to defeat Biden in Michigan
Trump has warned that Biden's policies encouraging the transition to electric vehicles would result in an economic “bloodbath” in the U.S. economy that would “kill” the auto industry.
