The Census report shows the gains in earnings were spread widely over the entire population. Inflation-adjusted median household income rose for every racial subcategory, for married families, for single mom’s, single dads, and for both single men and women. Incomes rose for people of all ages, with the smallest gain being a solid 3.5 percent for people aged 55-64. Incomes also rose for every geographical region.
Import prices, measuring costs for everything from Mexican vegetables to Japanese cars, fell 0.2% in August from a month earlier, the Labor Department said Wednesday. From a year earlier, prices were down 2.2%. That was the smallest year-over-year decrease since October 2014.
The Bank of Japan will consider making negative interest rates the centerpiece of future monetary easing by shifting its prime policy target to interest rates from base money at its review next week, sources familiar with its thinking say.
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