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Federal Reserve's inflation projection for US economy

The Federal Reserve expects it will take two more years to reach its 2% inflation target, despite a recent decrease in the inflation rate. This article discusses the factors contributing to inflation and provides visuals tracking inflation in the United States. ....

John Cochrane , Hoover Institute , Federal Reserve , Personal Consumption Expenditures , Ee National ,

New labor rule to Prevent Misclassification of Workers

The new labor rule implemented by the Biden administration aims to prevent the misclassification of workers as independent contractors, protecting their legal rights and improving compensation. Major app-based platforms are confident it won t affect their gig drivers, but business groups express concerns over enforcement and employer uncertainties. ....

United States , Labor Department , Ee National ,

Federal Reserve's inflation projection for US economy

The Federal Reserve expects it will take two more years to reach its 2% inflation target, despite a recent decrease in the inflation rate. This article discusses the factors contributing to inflation and provides visuals tracking inflation in the United States. ....

John Cochrane , Federal Reserve , Hoover Institute , Personal Consumption Expenditures , Ee National ,

U.S. mortgage rates increase, homebuyers brace for impact

After a nine-week decline, the average long-term U.S. mortgage rate ticked higher to 6.62%, making experts predict further rate declines later this year but not below 6%. The significant jump from rates two years ago has limited housing inventory as homeowners are discouraged from selling. ....

Freddie Mac , Ee National ,

GasBuddy forecasts lower gas prices in 2024

GasBuddy, which had a forecast for 2023 that proved to be eerily accurate, expects US gas prices will average $3.38 a gallon in the key election year of 2024. ....

United States , Ee National ,