Tag: Interest rates
US Household Rent Burden Unchanged in 2020, but Significant Disparities by Race, According to Census Data
The median housing costs for renters and homeowners in the U.S. increased last year, with over 21 million renter households spending more than 30% of their income on housing expenses.
DetailJamie Dimon Warns About Potential Stagflation Scenario amid Economic Uncertainty
Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. (JPM), expressed concerns about the possibility of stagflation, despite recent signs of Inflation easing. Speaking at a conference in Brooklyn,
DetailBurgerFi Chain Seeks Chapter 11 Bankruptcy for Financial Protection
BurgerFi, a popular burger chain known for its high-quality burgers, has filed for Chapter 11 bankruptcy protection. The company expressed doubts about its ability to continue operating just a month
DetailKey Inflation Reports to Influence Fed’s Rate Cut Decision
The Federal Reserve will receive its final Inflation data this week before deciding on a potential interest rate cut. The Labor Department will release the consumer price index and producer
DetailCPI Inflation Report for August 2024: Key Updates and Analysis
Inflation in August reached its lowest level since February 2021, as reported by the Labor Department on Wednesday. The consumer price index rose by 0.2% for the month, aligning with
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