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Outsize

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

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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

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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