Inflation tends to come in higher in January. Still, today’s BLS report indicates that inflation progress has stalled and may be in danger of being reversed.
The lawsuit, like many 401(k) lawsuits filed by employees over the past year, challenged HP’s decision to use “forfeitures” to reduce employer contributions rather than to pay administrative costs.
About 70% of the 401(k) plan—nearly $2 billion—was invested in one fund, when “much cheaper” versions of this investment were available, allege employees in the class-action lawsuit.
Federal Reserve Bank of Chicago President Austan Goolsbee warns that lessons from the pandemic suggest tariffs might become inflationary by creating supply-side disruptions.
If the Musk team shut down legally legitimate transfers, that could spark debate over whether the federal government is following through on its obligations.
