The median PCE is a measure of inflation computed by the Federal Reserve Bank of Cleveland. It ranks the components of inflation and picks the one in the middle as the measure of the longer-term trend in prices. Its construction makes it less sensitive to short-lived price fluctuations, thereby capturing the trend in prices. Released monthly.
Michigan's restaurant and hospitality industry is scrambling in preparation for the holiday weekend — one they won't soon forget.
Memorial Day weekend, the unofficial start to summer, is expected to overwhelm restaurants, hotels and golf courses as the eager vaccinated population sheds masks for…
AP FACT CHECK: House GOP falsely blames Biden for gas prices
WASHINGTON (AP) — Heading into the Memorial Day travel weekend, House Republican leader Kevin McCarthy and other members of his party are falsely blaming President Joe Biden for higher gasoline and lumber costs.
Commentary: Independent pharmacies overwhelmed by administrative burdens
Local pharmacies are an integral piece of a community's public health system. Right now, as we deal with an overburdened health care delivery system, our health and well-being are top of mind. Local pharmacies offer something that nobody else can: trusted, personalized care, unlike many big-brand…
Game on! Dick's rallies on the return of team sports
A year after safety fears led to the cancellation of baseball and other team sports, Dick’s Sporting Goods is having a comeback year as bats, balls and jerseys fly off shelves. First-quarter sales more than doubled to $2.92 billion and the company raised its expectations for sales and profits in 2021.
There's A Rental Car Shortage In Store This Summer Travel Season
A global microchip shortage has impacted car production down in the U.S., which has led to a shortage of rental cars. Here's what that means on the cusp of the summer travel season.
Rental car firms face shortage as travel demand revs back up: Travel Weekly
As summer leisure travel ramps up, travel industry insiders predict the rental car shortage currently gripping the U.S. is likely to worsen before it gets better.
Food producers adapt after pandemic alters business models
As a producer that heavily supplies the food service industry, Swanson Pickle Co. Inc. had to make profound adjustments to its sales channels when the COVID-19 pandemic changed buying habits. As a producer that heavily supplies the food service industry, Swanson Pickle Co. Inc. had to make profound...
US jobless claims fall again as some states end federal aid
WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week — the latest encouraging sign for the rebounding U.S. economy — just as Republican-led states are moving to cut off a federal benefit for the jobless.
Bitcoin Is Plunging. What To Know About The Wild Ride In Cryptocurrencies
Weeks after setting a record high, the price for Bitcoin has fallen dramatically along with other cryptocurrencies over factors ranging from inflation to, yes, Elon Musk.
We provide explanations of basic and fundamental concepts on the definition of inflation, measurement of inflation, costs of inflation, the importance of measuring and controlling inflation, the role of the Federal Reserve in inflation, and other concepts such as price indexes, hyperinflation, trend and underlying inflation, measures of inflation like CPI, core CPI, median CPI, trimmed-mean CPI, PCE, core PCE, and trimmed-mean PCE.
Question of the Day: What’s the real value of $100 in each state? - Blog
Answer from Tax Foundation: Purchasing power (a.k.a. cost of living) becomes a critical consideration for students considering where they would like to live or even go to college. $100 will buy you a lot less if you attend college or live in New York City vs. rural Maine.