Grocery Inflation Is Fine. Your Cart Is Not.
The Agriculture Department expects food-at-home prices to rise 2.5% this year, slightly below the twenty year average
Business
Your Electric Bill Doesn't Care What Inflation Did
Overall consumer prices are running around 3.4%. Electricity rates rose 7.3% in the twelve months through April, and
Your Payment Went Up and Your Rate Never Changed
Homeowners with a fixed rate mortgage are supposed to be immune to this. The rate is locked, the principal and
Your Social Security Raise Has a Medicare Problem
The Senior Citizens League currently projects a 3.6% cost of living adjustment for Social Security in 2027. On the
Nobody Is Firing You. Nobody Is Hiring You Either.
The unemployment rate is 4.1%. By any normal reading that is a healthy labor market. But layoffs are running
Your Index Fund Is Less Diversified Than It Looks
Ten companies now make up roughly 38% of the S&P 500. Nvidia, Apple, Alphabet, Microsoft, Amazon, Broadcom and
Markets Got Used to the Strait. Your Tank Didn't.
Two tankers were hit by projectiles in the Strait of Hormuz at the start of this week, one Saudi and
The Fed Hasn't Hiked Yet. Your Card Rate Didn't Wait.
Fed Chair Kevin Warsh went to Jackson Hole in late August and told the room that inflation is running above
Record Highs Don't Refinance Your Mortgage
The S&P 500 has been printing record highs, touching an intraday peak near 7,815 in August. In