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An analysis conducted by Politico in May 2023 found that in the United States, wage growth for the bottom 10th percentile of the wage scale beat inflation by a strong 5.7% from 2020 through 2022. For the middle 50th percentile, real wages were down by 1%, while they were down 5% for the top 90th percentile.
Economists polled by Reuters had forecast 215,000 claims for the latest week. ... Hefty interest rate hikes from the Fed in 2022 and 2023 to tame inflation have left companies with little appetite ...
Those same officials now see inflation at 2.5% at the end of next year, up from their previous forecast of 2.1%. Policymakers now don’t expect to reach their 2% goal until 2027.
Progress on inflation is moving in the wrong direction. The latest Consumer Price Index, released Wednesday, showed that annual inflation ticked up to 3.5% in March from 3.2% in February.That ...
The 2020–21 North American winter was the most significant winter season to affect North America in several years, and the costliest on record, with a damage total of at least $33.35 billion (2021 USD).
The 2022–23 North American winter was an unusually warm winter for the east and an unusually cold winter for the west in North America, as it occurred across the continent from late 2022 to early 2023.
November's reading is the lowest since December 2020 and within the 2.3% to 3% range seen in the two years before the pandemic. Expectations for long-run inflation did tick higher, though, rising ...
The 2020–21 New Year's North American winter storm was a major storm system that brought a wide swath of snow and ice to parts of the High Plains and Central and Northeastern United States during the New Years holiday from December 30–January 2.