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Market and Exchange

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  • Despite big jump in food prices, inflation remained tame last month

    Despite big jump in food prices, inflation remained tame last month
    WASHINGTON -- Despite a sharp jump in food costs, consumer prices increased just 0.1% last month in an indication inflation remains in check, the Labor Department said Tuesday.
  • Everything you thought you knew about economic statistics is wrong

    Everything you thought you knew about economic statistics is wrong
    Physicists may be the only people who understand that the quest for exact measurement of the real world is a wild goose chase -- the Heisenberg uncertainty principle tells them that the more precisely they measure the momentum of a particle, the less they...

    Bye-bye, chained CPI

    Bye-bye, chained CPI
    Chalk it up to Republican obstinacy, Democratic opposition, or just plain common sense, the White House has dropped the noxious chained CPI from its Social Security proposals for the upcoming federal budget. The chained consumer price index is a new way...

    Obama backs away from a Republican budget priority

    Obama backs away from a Republican budget priority
    WASHINGTON — Seeking to present a unified Democratic front in an election year, President Obama is backing away from a proposal to restrain spending on entitlement programs, focusing instead on economic priorities likely to please his party's base....

    Obama drops proposal for entitlement trims from budget plan

    Obama drops proposal for entitlement trims from budget plan
    WASHINGTON -- President Obama has dropped a proposal included in previous budget offers that would have changed the way entitlement benefit increases are calculated, an acknowledgment that the era of “grand bargain” fiscal talks with...