Home insurance costs soar as climate events surge, Treasury Dept. says

Firefighters battle flames during the Eaton Fire in Pasadena, California, U.S., Jan. 7, 2025.Mario Anzuoni | ReutersClimate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report released Thursday.In a voluminous study covering 2018-22 and including some data beyond that,...

Read more...

CPI inflation December 2024:

Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing.The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau...

Read more...

Jobs report December 2024:

A ''Now Hiring" sign hangs above the entrance to a McDonald's restaurant in Miami Beach, Florida.Joe Raedle | Getty ImagesJob growth was much stronger than expected in December, possibly providing the Federal Reserve less incentive to cut interest rates this year.Nonfarm payrolls surged by 256,000 for the month, up...

Read more...

Private sector companies added 122,000 jobs in December, less than expected, ADP says

A worker adjusts hiring signage at a job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, US, on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty ImagesPrivate sector job creation eased more than expected in December while...

Read more...

PCE inflation November 2024:

Prices barely moved in November but still held higher than the Federal Reserve's target when looked at from a year ago, according to a Commerce Department measure released Friday.The personal consumption expenditures price index, the Fed's preferred inflation gauge, showed an increase of just 0.1% from October. The measure...

Read more...