The Federal Reserve Hikes Interest Rates, and Some Are Happy

The Federal Reserve decided to hike its short-term interest rate for only the second time since the Great Recession. While mortgages and other forms of credit will get pricier, there will also be some benefits for consumers stemming from the move.

Mark Wilson recently broke down those benefits in…

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Car Sales Rebound

July brought smiles to car dealer’s faces across the land, as sales rebounded from their June slump.

According to Kelley Blue Book, new-vehicle sales in July came within 1% of their record-setting July 2015 level.

This may seem a bit of a disappointment, but it is sweet…

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Los Angeles Residents Are Best at Managing Money?

We don’t usually think of Los Angeles as the city of personal fiscal responsibility. But a new study finds that it is. recently tallied the average credit score in each of the 25 largest U.S. metropolitan areas. They measured this against an “expected” credit score based…

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(Official) Inflation Remains Low

Inflation increased by a modest 0.2 percent in June on a seasonally adjusted basis, according to new figures from the U.S. Bureau of Labor Statistics.

Specifically, The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.2 percent during the month.

Over the last 12…

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Global Productivity Isn’t Improving

It’s not exactly news that worker productivity has been in a slump for years. What is news is that the problem isn’t getting any better. In fact, it may be getting worse.

A 2015 report from The Conference Board found that Total Factor Productivity (TFP) growth—which combines…

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