In the latest economic update, fresh inflation data released on Friday revealed a subtle yet significant shift. The Commerce Department's personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose by just 0.1% last month. This modest increase aligns with expectations, placing the annual inflation rate for the 12 months through June at a mere 2.5%—the smallest year-over-year gain in four months. But what does this mean for the economy and the Federal Reserve's ongoing efforts?
Are you truly earning what you're worth, or are you just another statistic in the growing narrative of pay disparity? According to recent surveys, a mere 34% of Americans are content with their pay at work. It's a staggering reality that many are unaware they're being underpaid until a pivotal moment of clarity strikes—often through a chance conversation with a peer.