Category: Economy
Fallen Consumer Sentiment: Why And How To Protect Yourself
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A recent survey by the University of Michigan revealed a significant decline in consumer confidence. This is due to anxieties about inflation, unemployment, and rising interest rates dampening economic optimism 1. This drop in sentiment has the potential to send shockwaves through the economy, impacting businesses, investors, and households alike.…
The Challenge of Stalling Wage Growth and Rising Inflation
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Stalling Wage Growth: A Concerning Trend One of the most pressing issues facing workers today is the stalling wage growth. Despite the overall economic growth and low unemployment rates, many individuals are finding it increasingly difficult to make ends meet. This trend is particularly concerning as it directly impacts the…
Surging Inflation Puts Fed Rate Hike On The Horizon: Will Borrowing Costs Rise In 2024?
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Inflation on the Rise Data from the Bureau of Labor Statistics paints a concerning picture: key inflation indicators are pointing upwards. The Consumer Price Index (CPI), a measure of price changes for goods and services purchased by consumers, has increased by 3.2% over the past year. This signifies that the…