Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
A closer look at how Trump's economic plan could impact inflation
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Holiday spending projected to hit new record this year
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Inflation has been worse for lower-income families, Fed analysis shows
An analysis by the Minneapolis Federal Reserve shows inflation has been higher for lower-income individuals.
Inflation reaches lowest point in 3 years; here's what prices came down most
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.
How much do you need to earn to be considered middle class in MN?
A new survey is looking at what you need to make to be considered middle class in the United States. Here's what you need to earn in Minnesota:
The salary you need to make to live comfortably in Minneapolis: Study
A new study that claims to analyze several metrics has determined how much money a person needs to make to live comfortably in Minneapolis.
Port strike panic buying? Costco toilet paper frenzy making the rounds on social media
Videos posted online claim that toilet paper is sold out at Costco stores from Arizona and Colorado to New Jersey.
Port strike looming: What to know and expect
Retailers are bracing for potential pain should thousands of dock workers along the East Coast begin striking this week. Here’s what to know and what to expect.
Would Harris or Trump do a better job on the economy? Voters spilt in new poll
About 4 in 10 registered voters say Trump would do a better job handling the economy, while a similar number say that about Harris, according to a new AP-NORC poll.
Will the Fed's rate cut bring down mortgage rates?
While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.
Poll shows Americans take dim view of grocery industry amid recalls, inflation
A recent Gallup poll reveals a shift in Americans' opinions of the grocery industry, with more negative than positive views for the first time. Concerns over inflation and food safety have contributed to declining confidence in a once highly-rated sector.
Where is inflation the highest? Chicago, New York rank near top
New data released by the Labor Department revealed which cities have the highest inflation rates.
Inflation continues to cool, latest numbers show
The prices of gas, groceries and cars are either falling or rising at slower rates than before the pandemic. That’s after peaking at a 40-year high in mid-2022.
US inflation hits 3-year low as Federal Reserve set to cut interest rates
With the cost of goods and services experiencing a slight decline in August, the Federal Reserve may consider cutting its key interest rate soon.
Here's how much the typical American household earned last year
The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level.
Company plans to track workers' locations in return-to-office crackdown
One of the world's biggest consulting and accounting firms plans to monitor its employees' locations to ensure compliance with a stricter return-to-office policy set to take effect next year.
US economy adds 142,000 jobs as unemployment rate falls slightly, Dept. of Labor reports
Hiring in the U.S. grew slightly in August compared to last month as the unemployment rate dipped for the first time in a few months.
Americans turn to sausage as economic pressures persist, survey finds
A new survey reveals that more Americans are opting for sausage over pricier meats.
Where Trump, Harris stand on easing childcare costs
On this topic, Trump and Harris have one main commonality: Both have supported a higher child tax credit. Here’s what they’ve said.