White-Collar Woes On the surface, the U.S. labor market looks strong: Job growth is chugging along and the unemployment rate remains below 4%. The healthy labor market is a big part of why the Federal Reserve has felt confident enough to keep its monetary policy so restrictive. Remember: The Fed has two mandates, keeping inflation…Read more
The Fed’s Favorite Inflation Measure Last week, the Federal Reserve announced its final interest rate decision of 2023. The central bank held the federal funds rates steady for the third meeting in a row, and signaled rate cuts may come in 2024, driving the Dow Jones Industrial Average to all-time highs. But of course, these…Read more
Making History It’s a new dawn for the fight against climate change. Government officials from almost 200 countries approved a deal Wednesday, calling for nations around the world to begin to wind down the use of fossil fuels. After 30 years of annual climate summits, the agreement made at the 2023 United Nations Climate Change…Read more
