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Joe Biden bet on the American worker while Donald Trump blamed the American worker. The Best Political Cartoons on Joe Biden View All 259 Images“The question is: Who do we want in that office to give us the best shot of winning?” Fain asked members. Joe!” Biden accepted the endorsement and pledged to continue supporting labor unions and the auto industry in particular. Of course, there were plenty of signs the UAW chief was planning to make the union’s backing of Biden official. That's what this choice is about.”More labor union endorsements are likely to roll out in the coming months.

Persons: Joe Biden, Donald Trump, ”, Shawn Fain, Harris, Trump, ” Fain, “, “ It’s, It's, “ It's, ” “ Donald Trump, that's, he’d, “ Joe, Joe, Joe ! ” Biden, ” Biden, Biden, “ Trump, you've, –, Fain, ” Mary Kay Henry, Biden’s, Lady Jill Biden Organizations: United Auto Workers, D.C, Biden, UAW, – Ford, General Motors, Trump, Gallup, National Labor Relations Board, Employees International Union, U.S . Bureau of Labor Statistics, Press, Hollywood, “, National Education Association Locations: Washington, Detroit, New Hampshire, Iowa, Michigan, Pennsylvania, Wisconsin, America, U.S, “, South Carolina

☆ It’s primary time in New Hampshire. Here’s a snapshot of the Granite State’s economy
▼ + stars: | 2024-01-23 | by ( Alicia Wallace | Tami Luhby | ) edition.cnn.com time to read: +10 min

New York CNN —New Hampshire, the “first-in-the-nation” primary state (which will hold those elections Tuesday), has been a relatively “better-off” state than most others nationally. Median income/povertyThe typical New Hampshire household has a higher income compared to the average in the United States, and a smaller share of state’s residents are in poverty. Southeastern New Hampshire — where three-quarters of the state’s residents live — benefits from being close to the Boston metropolitan area, said Phil Sletten, research director at the left-leaning New Hampshire Fiscal Policy Institute. Some 42% of New Hampshire residents approved of Biden on the economy, with 55% disapproving, according to a November CNN/University of New Hampshire poll. But when it comes to their personal finances, New Hampshire residents are downbeat.

Persons: ’ ”, Charlie Dougherty, ”, ” Dougherty, “ You’ve, Patricia M, Anderson, Patrick Connelly, ” Connelly, that’s, Brian Gottlob, “, Spencer Platt, Lori Harnois, Gottlob, Phil Sletten, Sletten, Joe Biden, Biden, Gina Ferazzi Organizations: New, New York CNN —, United States, of Labor Statistics, Wells, Labor, Reserve, Dartmouth University, CNN, Housing, Tax Foundation, Tourism, Census, Granite State, Survey, New Hampshire —, University of New, Commerce Department, University of New Hampshire Survey Center, Patrons, Los Angeles Times, Independents Locations: New York, New York CNN — New Hampshire, Granite, New Hampshire, Boston, , New Hampshire, “ New Hampshire, “, Hampshire, Chester , New Hampshire, Manchester, Devon, Bartlett , New Hampshire, Ohio, Washington, New, Canada, Pennsylvania, United States, Granite State, University of New Hampshire, Colebrook , New Hampshire

Unions commanded big headlines last year, but that didn’t translate into higher membership rates, according to government data released Tuesday. That showed little movement from 2022, when 10.1% of workers were union members. Despite U.S. polls showing growing enthusiasm for unions, membership rates have been on a decades-long decline. Men had a higher union membership rate last year, at 10.5%. And Black workers have a higher union membership rate, at 11.8%, than white workers, at 9.8%.

Organizations: U.S . Bureau of Labor Statistics, Hollywood, Workers, Starbucks, U.S, of Labor Statistics Locations: Vegas, U.S

☆ Some of the biggest optimists on Wall Street see 3 threats to a strong labor market
▼ + stars: | 2024-01-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

The labor market may be returning to pre-pandemic conditions, Goldman Sachs found. "Broadly speaking, our analysis indicates a labor market returning to pre-pandemic norms, best characterized as a somewhat tight labor market that does not pose an inflation problem," the economists wrote. AdvertisementRecently, labor market data has been somewhat all over the place. Though these findings may point to a recovering labor market reminiscent of pre-pandemic times, GS noted some headwinds. GS also found that the labor market is at a higher risk of what it called "deterioration" in 2024 than in 2019.

Persons: Goldman Sachs, — Organizations: Service, GS, Labor, of Labor Statistics, ISM Services, Goldman, Federal Reserve, Employment Dynamics Locations: JOLTS

☆ The crisis at Kyte Baby might not have happened if the US had a mandated paid leave policy for new parents
▼ + stars: | 2024-01-23 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

What’s more, almost all OECD countries have paid leave programs around childbirth for mothers and fathers, whether they are birth parents, adoptive parents or same sex parents. Looking more globally, “approximately 83% of countries guarantee at least 12 weeks of paid leave to parents who give birth,” according to the paid leave advocacy group FamilyValues@Work. “Nobody knows what they have access to,” said paid leave expert Vicki Shabo, a fellow at the policy research think tank New America. (Among state and local government workers, 28% have access to paid family leave today.) At the national level, however, there is still not a federal program for paid leave, despite legislative efforts in recent years to pass one in Congress.

Persons: Kyte, Ying Liu, ”, Vicki Shabo, Mercer, WTW, “, —, CNN’s Eva Rothenberg Organizations: New, New York CNN, Organization for Economic Cooperation, Development, OECD, America . Nine, District of Columbia, Bureau of Labor Statistics, US Department of Labor, CNN Locations: New York, United States, Greece, New America, Mercer

☆ Why that ‘last mile’ of the inflation fight may be more challenging
▼ + stars: | 2024-01-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Inflation measures how fast prices are rising for goods and services — anything from concert tickets and haircuts to groceries and furniture. That means further broad disinflation likely won't come from consumer goods, economists said. In fact, attacks by Houthi rebels on ships in the Red Sea threaten to disrupt a key transit corridor and may trigger higher goods inflation if it persists, El-Erian explained. While down from more than 7% last year, services inflation still sits at 5.3%. Why this may all be 'nonsense'Not all economists think the last mile of disinflation will be harder than what came before, however.

Persons: Robyn Beck, Mohamed El, We're, Gargi Chaudhuri, Houthi, Erian, Chaudhuri, Mark Zandi, Sarah House, Paul Ashworth Organizations: Afp, Getty, Allianz, Queens ' College, University of Cambridge, CNBC, Americas, BlackRock, Finance, of Labor Statistics, Labor, Moody's Analytics, Wells, Wells Fargo Economics, Capital Economics Locations: Los Angeles, U.S, Wells Fargo

☆ With a possible cooler labor market this year, here are 4 tips for getting a job in 2024
▼ + stars: | 2024-01-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Zhao, Croucher, and career coach Stacey Perkins outlined four tips for job seekers in today's labor market. Make a job planPerkins, a career coach at organizational consulting firm Korn Ferry, suggested job seekers figure out a robust strategy for job searching, which doesn't mean simply submitting your résumé to many places. Perkins suggested looking at who you have a mutual connection with or identifying who you already know at the places noted on the list. AdvertisementFor people just graduating and looking for work, Croucher suggested looking for an internship first because it could be easier to get. AdvertisementBut job seekers should be picky about what they want to include.

Persons: —, Daniel Zhao, Zhao, Rebecca Croucher, Croucher, Stacey Perkins, Perkins, Korn Ferry, you've, It's, it's Organizations: Service, Business, Labor Statistics hasn't, BLS, North Locations: North America, ManpowerGroup

☆ A 28-year market vet breaks down why the risk of a recession is 'higher than thought' — and warns 73 years of market history shows stocks are likely in for a terrible year
▼ + stars: | 2024-01-20 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

"However, the decline in full-time employment suggests recession risks are higher than thought." Here's the drop in wage growth Roberts mentions. At the moment, CEO confidence isn't great, Roberts pointed out, which could mean further trouble ahead for employment growth. AdvertisementA warning sign for stocksWhile it will take time for the labor market outlook to become clear, Roberts said stocks are already flashing signs of trouble. But that view became less popular in the second half of 2023 as the labor market proved resilient month after month amid Federal Reserve rate hikes, and inflation dropped to under 4%.

Persons: —, Lance Roberts, Roberts, St, Louis Fed, it's Organizations: Service, RIA, Business, Bureau of Labor Statistics, Conference, Federal Reserve

☆ Meet the typical American moving to — and leaving — New York
▼ + stars: | 2024-01-19 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

People moving to New York are younger, make slightly more, and rent more than those leaving. 545,600 people moved from New York between 2021 and 2022, while 301,500 people moved into New York. Advertisement"When I came into office, we had a clear agenda, and then we also not only executed on that, but we actually spent money and time in marketing the city outside of just Jersey City," Jersey City Mayor Steven Fulop told BI last September. The typical person moving to New YorkThose moving to New York tended to be younger than those moving away. Since many are moving to New York City, over 78% rented, and among the 22% of homeowners, the average home value was $671,900.

Persons: —, Xers, boomers, Steven Fulop, Jim, Ellen Diamond Organizations: Service, Survey, University of Minnesota's, Census, A New York, Bureau of Labor Statistics, New, New York, Hudson, Jersey City Locations: New York, New York . New York, Florida, New Jersey, New Jersey , Pennsylvania, California, A, York, New York State, New, Jersey City, Hoboken, Connecticut, Pennsylvania, Jersey, New York City, Manhattan

☆ The No. 1 challenge Fortune 500 execs say they're facing with employees right now, according to new research
▼ + stars: | 2024-01-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Executives are more concerned about employee productivity than about getting them back to the office, according to new research from Atlassian. In September, the Australian software company asked 100 Fortune 500 and 100 Fortune 1000 executives what their biggest organizational challenge is, and nearly half (43%) said low productivity. Only a third of executives with an in-office mandate said they thought their in-office policies have had any impact on productivity. Instead, 76% of the Fortune 500 executives surveyed said they are more worried about how their teams are working than where they work. It's not the first time executives have said they're worried that workers are getting less done — and evidence suggests their fears aren't unfounded.

Persons: It's, Atlassian's, Scott Farquhar Organizations: Fortune, Bureau of Labor Statistics, CNBC Locations: Australian

☆ A 90-year-old McDonald's employee who works 5 days a week says it keeps her feeling young
▼ + stars: | 2024-01-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A 90-year-old McDonald's employee in Kentucky says her job at the fast-food giant helps her stay active. She's worked there for 35 years and currently works five days a week, Spectrum News 1 reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 90-year-old McDonald's employee who works five days a week says her job makes sure she stays active and keeps her feeling young. Some older people who work at McDonald's say that it keeps them busy and means they can spend time with people.

Persons: She's, —, Maxine Anderson, Anderson, Neva Thompson Organizations: Service, Spectrum, Bureau of Labor Statistics Locations: Kentucky, Valley, Louisville , Kentucky

☆ How much money you need to retire in every U.S. state—it's at least $1 million in 16 places
▼ + stars: | 2024-01-15 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Those totals were then multiplied by 25 or 30 years, excluding Social Security payments, since those benefits would supplement retirees' personal savings. The study assumes that retirees will receive annual Social Security payments of $21,566.76, the U.S. average based on the most recent information provided by the Social Security Administration. For a 25-year retirement, you'd need just over $2 million in Hawaii — the most of all states by far. That's followed by Massachusetts, California and New York, along with 12 other states where you'd need at least $1 million saved up to retire. In contrast, you'd need less than $700,000 for a 25-year retirement in West Virginia, the lowest in the country.

Persons: GOBankingRates, you'd, That's Organizations: Bureau of Labor Statistics, Missouri Economic Research, Information Center, Social, Social Security Administration, U.S, Social Security Locations: U.S, Missouri, Hawaii, Massachusetts , California, New York, West Virginia

☆ The No. 1 in-demand remote job companies are hiring for—it can pay over $100,000 a year
▼ + stars: | 2024-01-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

The most sought-after remote job companies are hiring for isn't in tech, as you might expect. Accountant is the hottest work-from-home job on the market right now. Accountants claimed the top spot in FlexJobs' annual ranking of the top remote jobs in the U.S., thanks to increasing demand for these skilled professionals across several industries, including finance, health care and government. On ZipRecruiter, the share of open accountant roles that were remote jumped from about 8% in 2019 to nearly 20% in 2023, according to data shared with CNBC Make It. "There's a lot of oversight … you can't afford the legal liability of messing this up."

Persons: —, Julia Pollak, Pollak Organizations: Accountants, Baby Boomers, CNBC, of Labor Statistics Locations: FlexJobs, U.S

“It’s an ongoing effort,” said White House chief of staff Jeff Zients. “Under his leadership, we’ve attacked inflation from every angle.”The question is whether voters are feeling the improvement and will reward Biden. Or will they penalize him because inflation became a problem on his watch as the U.S. emerged from pandemic shutdowns? Past and current Biden administration officials say the decline in inflation since then was a result of a set of choices. Much of the public saw inflation through the lens of their grocery stores, strip malls and gas stations, but the White House considered it a worldwide issue.

Persons: Joe Biden, he's, Biden, ”, Jeff Zients, we’ve, Jason Smith of Missouri, Donald Trump, ” Trump, “ We're, Bharat Ramamurti, shutdowns, “, Jared Bernstein, White, Ben Harris Organizations: WASHINGTON, White, Bureau of Labor Statistics, Biden, Federal Reserve, House, National Economic Council, Congressional, Medicare, Factories, Shipping, White House Council, Economic Advisers, White House, U.S, Republican, Treasury Department, Associated Press, NORC, for Public Affairs Locations: “, U.S, Los Angeles, Long Beach , California, Russia, Ukraine, Israel, Red

☆ Investing in hobbies can be money well spent — just don't take on debt
▼ + stars: | 2024-01-13 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

This broad category covers a range of expenses that people consider hobbies, as well as concert tickets and pets. If done wisely, cash spent on your hobbies is money well spent. A lot of times, startup costs for hobbies and interests are very expensive, said Weiler. watch nowDon't finance a new hobby on debtIf you do enjoy the hobby, find a way to make it financially sustainable. Does money spent on hobbies buy happiness?

Persons: Rebecca Weiler, Weiler, George Organizations: Getty, U.S . Bureau of Labor Statistics, Research, Finance, Trustco Bank Locations: New York City

☆ A $174,000 salary isn't enough for members of Congress. In fact, they should probably give themselves a $100,000 raise.
▼ + stars: | 2024-01-12 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +12 min

With a salary of $174,000 per year, members of Congress make more than 80% of American households. Stunted salary growth and limited perksThe salaries for members of Congress haven't budged in nearly 15 years. Historically, Democrats have been more willing to push for higher pay for members of Congress, including Rep. Alexandria Ocasio-Cortez of New York. For simplicity's sake, let's put the number at $274,000 — a $100,000 raise for members of Congress. Nor is jacking up lawmakers' salaries likely to be a panacea that solves every problem in a troubled institution.

Persons: that's, —, It's, David Schweikert, we're, Daniel Schuman, reimbursements, Schuman, Patrick McHenry of, — he's, he's, Republican Sen, Mitt Romney, who've, Democratic Sen, Elizabeth Warren of, Alexandria Ocasio, Cortez, Steny Hoyer, Dan Kildee of, who's, Kildee, Sen, Elizabeth Warren, Kent Nishimura, Maxwell Frost of Florida, Deb Fischer, Nebraska, JD Vance, Ohio, Ro Khanna, Tom Williams, Chip Somodevilla, Vance, Khanna, Gregg Harper, Harper, I'm, Warren, let's Organizations: Service, DC, Arizona, Business, POPVOX, budged, Senate, Republican, Democratic, Getty, United States Senate, —, Bureau of Labor Statistics Locations: Washington, Arizona, multimillionaires, Patrick McHenry of North Carolina, Utah, Elizabeth Warren of Massachusetts, Alexandria, Cortez of New York, Cortez, Dan Kildee of Michigan, DC, Ohio, California, America, Mississippi

☆ US wholesale inflation closes out 2023 with 1% annual rate in December
▼ + stars: | 2024-01-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

US producer prices fell in December for the third consecutive month, bringing a closely watched gauge of inflation to a rate more in line with pre-pandemic times. Wholesale inflation as measured by the Producer Price Index rose 1% annually in December, up slightly from November’s revised 0.8% reading, according to data released Friday by the Bureau of Labor Statistics. On Thursday, the December Consumer Price Index, which is the most widely used measure of retail inflation, showed prices rose annually by 3.4%. “Producers are not facing costs that need to be pushed through to consumers in order to maintain their bottom lines that would reignite inflation,” Rankin said. The US central bank has become increasingly data dependent in its campaign to bring down inflation.

Persons: Price, we’ve, Kurt Rankin, Rankin, “ there’s, Eugenio Aleman, Raymond James ’, ” Rankin, “, —, ” Organizations: New, New York CNN, Bureau of Labor Statistics, PPI, PNC Financial Services, CNN, “, PNC Locations: New York, United States

☆ Inflation is stuck and the Fed can't lower prices without damaging the economy, top economist Mohamed El-Erian says
▼ + stars: | 2024-01-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Inflation looks to be stuck above the Fed's target rate, top economist Mohamed El-Erian said. If the Fed lowers inflation to 2% too quickly, it risks "crushing" the economy, El-Erian has warned. AdvertisementThe Federal Reserve's inflation fight has hit a wall, and central bankers can't lower prices in the economy any further without causing damage, according to top economist Mohamed El-Erian. El-Erian warned last year that inflation would likely get stuck around the 3%-4% mark, thanks to persistent pressures in the economy that will push prices higher, he said. Other commentators on Wall Street have warned of the possibility of resurgent inflation as price pressures in the economy linger.

Persons: Mohamed El, Erian, — Organizations: Service, Allianz, Bureau of Labor Statistics, Bloomberg, CPI, stoke, El, New York Fed, Cleveland Fed Locations: El, That's, Red

☆ Markets are underestimating the potential for an economic slowdown, and 'greedflation' won't help investors anymore, Societe Generale says
▼ + stars: | 2024-01-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewInvestors are underestimating the risk of an economic slowdown, and "greedflation" among companies can't prop up the market any longer, Société Générale said in a note this week. Firms hiking prices likely helped avoid a deeper slump in profits stemming from a slowing economy, Société Générale strategist Albert Edwards said. "The Greedflation driven surge in margins helped stop the profits slowdown turning into a deep downturn. A recession still poses a decent risk to the economy, though investors have warmed up to the prospect of a soft-landing.

Persons: —, Société Générale, they're, Société, Albert Edwards, Greedflation, Edwards, –, Evercore, quant, Andrew Lapthorne, David Rosenberg Organizations: Service, Business, Bureau of Labor Statistics, Federal Reserve, New, Fed, Institute of Supply, Evercore ISI

☆ The 10 most expensive states to retire in
▼ + stars: | 2024-01-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Read previewYou will need upwards of $1 million for a comfortable 25-year retirement in 16 states — and $2 million in Hawaii. And for a 30-year retirement in the 10 most expensive states, you'll need over $1.3 million. AdvertisementFor instance, GOBankingRates noted the annual price of groceries in Hawaii was $5,339, while annual housing costs were over $35,800. California's minimum for 25 years of comfortable retirement was $1.43 million, well above New York's at $1.29 million. AdvertisementConversely, West Virginia, Mississippi, and Oklahoma were the three most affordable states for a comfortable retirement.

Persons: —, GOBankingRates, Charles Schwab, Schroders Organizations: Service, Business, Bureau of Labor Statistics, Survey, Missouri Economic Research, Information Center, Social Security, Utilities, New York, AARP Locations: Hawaii, Massachusetts , California, New York, Missouri, Massachusetts, California, New, Florida, Alaska, West Virginia , Mississippi, Oklahoma, West Virginia, Mississippi

☆ CPI: America’s final inflation report for 2023 just came in
▼ + stars: | 2024-01-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

Economists were expecting the annual overall inflation rate to tick higher, to 3.2% from the 3.1% headline reading the month before, according to FactSet consensus estimates. Despite the acceleration, the annual rate of consumer-level inflation is down considerably from December 2022’s rate of 6.5%; additionally, a closely watched measure of underlying inflation slowed further. In December, core goods prices were flat, an apparent stalling out after six months of declines. Rising shelter costs have kept core services elevated. The central bank has a target inflation rate of 2%, as measured by the Personal Consumption Expenditures price index, which has its latest reading due out later this month.

Persons: “, ” Wendy Edelberg, ” “, ’, Brian Coulton, Fitch, ” Scott Anderson, Jerome Powell, Joe Brusuelas, ” Organizations: New, New York CNN, of Labor Statistics, BLS, The Hamilton Project, Brookings, CNN, Federal, BMO, CPI, PCE, RSM Locations: New York, November’s

☆ Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
▼ + stars: | 2024-01-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at a time when most economists and policymakers see inflationary pressures easing. Excluding volatile food and energy prices, the so-called core CPI also rose 0.3% for the month and 3.9% from a year ago, compared with respective estimates of 0.3% and 3.8%. On annual basis, shelter costs increased 6.2%, or about two-thirds of the rise in inflation. Food prices increased 0.2% in December, the same as in November. "Certainly, as long as shelter inflation remains stubbornly elevated, the Fed will keep pushing back at the idea of imminent rate cuts."

Persons: Dow Jones, Seema Shah Organizations: Labor Department, Energy, of Labor Statistics, Federal Reserve, Fed, Asset Management Locations: U.S

☆ What’s getting more expensive — and cheaper — at the grocery store
▼ + stars: | 2024-01-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

That’s the lowest annual increase registered since June 2021 and a far cry from the 11.8% increase registered in December 2022. Overall food prices were up 0.2% on a monthly basis, matching the rate of increase seen in November, CPI data shows. Eggs and ham prices went up the most in December as compared to other food categories tracked in the CPI. Ham prices rose 2.6% for the month (2.9% excluding canned ham), BLS data showed. The latest Consumer Price Index showed that grocery prices rose only 1.3% for the year ended in December.

Persons: New York CNN —, Bill Adams, chow, Wendy Edelberg, Ash Organizations: New, New York CNN, Bureau of Labor Statistics ’, Comerica Bank, CPI, The Hamilton Project, Brookings, CNN, Bloomberg Locations: New York, Ham, United States

☆ Inflation ticks back up as housing prices stay stubbornly high
▼ + stars: | 2024-01-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

The consumer price index increased by 3.4% from December 2022 to December 2023. The year-over-year CPI increase was expected to be 3.2% for December. After CPI rose by 0.1% month over month in November when looking at the seasonally adjusted change, CPI rose by 0.3% from November to December — just above the forecast of 0.2%. Core CPI, excluding volatile food and energy prices, increased by 3.9% after a 4.0% year-over-year increase in November. Meanwhile, the shelter index rose by 0.5% month over month in December, slightly higher than the month-over-month increases seen in October and November.

Persons: —, Greg McBride, Jerome Powell, Powell, we're Organizations: Service, of Labor Statistics, CPI, BLS, Federal Reserve

☆ Consumer prices are cooling, but BlackRock bets on inflation-protected bonds for the long term. Here's why
▼ + stars: | 2024-01-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Inflation-protected bonds may be the last thing on investors' minds amid cooling prices, but BlackRock is betting on the securities for the longer term. Due to that, BlackRock named inflation-protected securities one of its top 2024 strategic calls for those with a time horizon of five to 10 years. "We see inflation going through a roller coaster over a longer term," Li said. Buying TIPS Investors can buy TIPS in five-year , 10-year and 30-year terms through the TreasuryDirect website . BlackRock, which has a traditional TIPS ETF, also recently launched a suite of defined maturity TIPS ETFs last fall.

Persons: Wei Li, Li, BlackRock, We've Organizations: BlackRock, Bank of America Securities, U.S . Bureau of Labor Statistics, Federal Locations: redemptions, U.S

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