Electricity costs are climbing nearly everywhere in the United States. But, in recent months, the Trump administration has framed the problem as one impacting only blue states. While several blue states like California, Massachusetts and Hawaii do indeed have some of the highest electricity rates in the country, federal data shows that electricity prices are…
Inflation may be increasing at a slower pace than expected, the markets might be cheering, and the Fed will likely soon be cutting, but Diane Swonk isn’t popping Champagne. The veteran economist says the economy “looks better than it feels” because the very data used to measure it is eroding, and the illusion of resilience could…
A fresh reading from the Federal Reserve’s preferred inflation gauge showed prices are still sticky, but the report isn’t likely to take the central bank off its course for more rate cuts in 2025 — especially if the job market continues to remain soft. The Personal Consumption Expenditures (PCE) index on a “core” basis, which…