July 4, 2024
Finance

The inflation upside that Americans are ignoring: their wages

When asked about inflation, Americans tend to focus on the rising price of groceries, gas, or dining out. One thing they tend to forget: their higher pay. Many people may not realize wages on the whole have kept up with most rising prices. The average hourly earnings of all workers are up 22.28% since February

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Finance

Fed’s Cook says households, banks, firms largely in solid financial shape

By Howard Schneider WASHINGTON (Reuters) – U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb potential shocks, Federal Reserve Governor Lisa Cook said on Wednesday. Even commercial real estate, which fell in value as workers shifted to

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