The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent
Inflation remained cool in July, based on the Personal Consumption Expenditures index, keeping the Federal Reserve on track for rate cuts. Source link
Has the Spread of Tipping Reached Its Limit? Don’t Count on It.
Both major presidential candidates propose exempting tips from taxes. That could encourage more reliance on tipping, and leave workers vulnerable. Source link
Will Automation Replace Jobs? Port Workers May Strike Over It.
A contract covering longshore workers on the East and Gulf Coasts will expire at the end of September, but talks have been stalled over the use of equipment that can function without human operators. Source link
Biden Expected to Block U.S. Steel Takeover by Nippon
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel. Source link
JD Vance at RNC: Trump is the working class' 'last, best hope'
JD Vance at RNC: Trump is the working class' 'last, best hope' Source link
BLS Data on Jobs and Consumer Prices Faces a Test of Trust
The Bureau of Labor Statistics, which tracks prices and employment, faces scrutiny after several missteps. Some questions have gone unanswered. Source link
Job Hunting Is a Challenge for Recent College Grads
Unemployment is still low, but job seekers are competing for fewer openings, and hiring is sluggish. That’s a big turnaround from recent years. Source link
Harris' economic plan supercharges Biden proposals to fight inflation
The vice president’s plan aims to make housing more affordable, ease health care costs and crack down on corporations for rising grocery prices. Source link
Harris breaks from ‘Bidenomics’ in North Carolina
The vice president makes her pitch in North Carolina, where Democrats have long hoped to flip the closely divided state. Source link
‘America is not a museum’: Why Democrats are going big on housing despite the risks
Vice President Kamala Harris is trying to flip the script and own an issue impacting large swaths of Americans. Source link