Outsize Archives - Rvpg media

Inflation cools in October as the Fed continues its outsize rate hikes

Inflation as measured by the Consumer Price Index rose 7.7% year-over-year in October, according to data out Thursday from the Bureau of Labor Statistics. That is less than the 8.0% estimate from economists surveyed by Bloomberg. October’s year-over-year change falls below September’s year-over-year growth of 8.2%. Just over the month, seasonally-adjusted CPI increased 0.4% in October, … Read more

Black Businesses Saw Outsize Covid Hit to Earnings, Study Shows

Black business owners experienced much larger losses in earnings than their White counterparts during the height of the pandemic, likely widening long-term economic inequality, according to a new study. Black-owned businesses saw earnings decrease 28% in 2020, compared to a 15% drop for White-owned businesses and a 17% overall decline, Robert Fairlie, an economics professor … Read more