And if 2026 forecasts are correct, we may have to keep waiting.

A dollar a day was the typical wage when the railroads were being built. Today the minimum wage is $58 per day with discussions to raise it to $120. According Milton Friedman, this is the result, not ...

Looking at the duration of Joe Biden’s presidency and using the standard measures for comparing inflation and wages, inflation has increased 19.3% since January 2021 while wages have risen 16.1%. When ...

Overall PCE inflation was 2.3% year over year as of August 2024, with core PCE inflation at 2.7%. After soaring to 6.5% in 2022 and 3.7% in 2023, PCE inflation should post an annual average of 2.4% in ...

With the presidential election behind us, it looks as if the U.S. economy has gone from soft landing to “no landing” to liftoff. This week, stocks hit all-time highs, and the Federal Reserve cut ...