The Long-Awaited Cut Is Here The Federal Reserve has remained patient (holding interest rates unchanged) and kept its eyes on the prize (getting inflation down) for over a year. Through every twist and turn, every employment and inflation report, the numerous market selloffs and rebounds, Fed officials have remained steadfast. All of that has led…Read more
Estimated reading time: 3 minutes Economic Temperature Check It has been a turbulent few years for the U.S. economy, with the pandemic-era recession and historically high unemployment, which gave way to a roaring rebound, a worker shortage, and high inflation. The whiplash of the past years have created what economists call a k-shaped, or bifurcated, economy that…Read more
Estimated reading time: 3 minutes Widening Wage Gap Americans got a much-needed pay bump in 2023. But unfortunately, the gains were not equally distributed. In 2023, the inflation-adjusted median income of U.S. households increased to $80,610, up 4% from 2022, according to data from the Census Bureau. But men saw a much bigger pay bump than women,…Read more
