Unexpected bad news for inflation: Wholesale prices rose in June

Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023, according to new data released Friday.

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206,000 Jobs Created in June

The U.S. Bureau of Labor Statistics reported that 206,000 were created in the month of June, with most of the jobs being created were in government.

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The Disconnect Between Wall Street and Main Street

The release of the Consumer Price Index (CPI) by the Bureau of Labor Statistics early this month showed that inflation remained flat for May, this was lower than what many economists had wildly expected, precipitated celebratory glee by Wall Street and the Biden Administration that inflation was seen as moderating.

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States Where Higher Minimum Wage Laws Backfired and Ruined the Economy

Raising the minimum wage is often touted as a policy to improve living standards, but it has had unintended economic repercussions in various states. Across the nation, increases in the minimum wage have led to job cuts, increased business expenses, and slowed economic growth. Let’s examine the states where increasing the minimum wage has had negative effects.

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272,000 Jobs Created In May

The U.S. Bureau of Labor Statistics reported that 272,000 in May, with the unemployment rate trending up to 4.0% 

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US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate. Consumer spending rose but at a slower pace than previously thought, a sign that high interest rates and lingering inflation are pressuring household budgets.

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