Economy

The U.S. stock market keeps hitting new highs, but is this rally as solid as it looks? With earnings season kicking off, investors are waiting to see whether companies can keep delivering, or if we’re in for a reality check. Why the Stock Market is Still Climbing The

September’s retail sales rose 0.4%, beating expectations and improving on August’s unimpressive 0.1% gain. While consumer confidence continues to face headwinds like inflation, the numbers show people are still willing to spend. On the labor side, initial jobless claims dropped by 19,000 to 241,000,

Wholesale prices decided to take a breather in September, thanks to a much-needed drop in gas prices. If only our grocery bills could flatline the way wholesale prices did last month, right? According to the Bureau of Labor Statistics, the producer price index (PPI) for final demand showed no change

Consumers are increasingly optimistic about inflation, with expectations reaching a post-pandemic low of 3% in October 2024, according to recent data sourced from Bloomberg. This marks a significant drop from the peak of 6.6% in mid-2022, signaling a positive shift in inflation expectations as price pressures continue to ease.