Next steps after Boone County housing study to be discussed at housing summit next week
A 2024 housing study released Thursday by Boone County and the City of Columbia show the local market is plagued with high prices.
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QUESTION OF THE DAY: Do you feel like inflation is getting lower?
Inflation in the U.S. hit its lowest level in more than three years in September, according to a government report released this week. The consumer price increase of 2.4% is the lowest since February 2021. However, the report notes that some prices remain high, including medical care, clothing, auto insurance and airline fares. Those “core
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MU supply chain professor says no immediate concern for Missouri as port strikes continue
COLUMBIA, Mo. (KMIZ) Roughly 45,000 dock workers from the Longshoremen’s Association continued to strike Wednesday across the East and Gulf coasts. The workers are demanding better pay and a ban on the use of automated equipment. The strike, which started on Tuesday, has raised concerns about a shortage of certain goods for some Americans. However,
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QUESTION OF THE DAY: Did the Fed wait too long to cut interest rates?
The Federal Reserve made lots of Americans happy on Wednesday.
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QUESTION OF THE DAY: Has your buying power rebounded from high inflation?
The U.S. Census Bureau released a report Tuesday saying Americans’ inflation-adjusted income had rebounded to pre-pandemic levels.
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Americans’ inflation-adjusted incomes rebounded to pre-pandemic levels last year
AP Economics Writer WASHINGTON (AP) — The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power. The proportion of Americans living in poverty also fell slightly last year, to 11.1%, from 11.5% in 2022. But the
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QUESTION OF THE DAY: Have increased costs made it hard for you to afford housing?
A local nonprofit said Tuesday that its rental assistance program would run short after federal COVID-19-era dollars are exhausted.
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New data shows US job growth has been far weaker than initially reported
By Alicia Wallace, CNN (CNN) — US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday. The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported.
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Inflation milestone: Consumer Price Index slows below 3% for first time since March 2021
By Alicia Wallace, CNN (CNN) — Price hikes slowed more than expected in July, and, for the first time in more than three years, the Consumer Price Index has landed below 3%. That paves the way for the Federal Reserve to cut rates next month after a yearslong battle with inflation that sent rates spiking
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Home Depot issues a warning about the economy
Home Depot says consumers are feeling crummy about the economy, and they’re dishing out less on major home renovation projects.
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City officials discuss uses for Capital Improvement Sales Tax after Prop 1 passes
COLUMBIA, Mo. (KMIZ) Columbia voters on Tuesday approved the continuation of the one-fourth-of-one-percent Capital Improvement Sales Tax. The approval will extend the sales tax for another 10 years. The current sales tax is set to expire on Dec. 31, 2025. According to the City of Columbia’s website, $94,350,000 would go toward public works, $15,450,000 would go
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QUESTION OF THE DAY: Are you eating less fast food because of the cost?
Many fast food chains are offering special values to entice customers as the cost of their standard fare has grown.
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Missouri’s fireworks industry booms
The start of fireworks sales Thursday in Missouri, one of America’s most fireworks-happy states.
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McDonald’s releases a new $5 value meal to combat inflation
McDonald’s has revealed the details of its highly anticipated $5 value meal, which the fast food chain hopes will rev up sluggish sales and lure back customers who have cut back.
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QUESTION OF THE DAY: Have you adjusted to inflation?
The latest inflation report released Wednesday showed that price increases eased in May.
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While inflation decreases, farmers and shoppers still feel its effects
COLUMBIA, Mo. (KMIZ) The latest inflation report shows the rising cost of goods is slowing, but the lasting effects from years of inflation are still impacting farmers and shoppers. The inflation report released Wednesday from the U.S. Bureau of Labor Statistics shows grocery prices remained relatively the same from April to May after prices fell
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Easter spending slightly down from last year
COLUMBIA, Mo. (KMIZ) The total spending for Easter is slightly down this year after it increased the past few years reaching its highest peak in 2023 with $24 billion, according to the National Retail Federation. A survey conducted by the National Retail Federation and Proper Insights and Analytics showed that consumer spending is expected to
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Downtown Columbia businesses reflect after busy weekend downtown
COLUMBIA, Mo. (KMIZ) Sunday marked the last day of the True False Film Festival in Columbia, which was expected to bring in 10,000-15,000 people to the downtown area. With an influx of people flocking to the area, downtown businesses said they noticed an increase in business. Owner of Ninth Street Public House Jamez Kanne said
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QUESTION OF THE DAY: Do you think the economy is improving?
Fed Chair Jerome Powell said Sunday that the American economy was on good footing.
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Local wedding industry slowly bounces back after pandemic
COLUMBIA, Mo. (KMIZ) The wedding industry is gradually rebounding after facing significant losses during the pandemic. According to local wedding vendors, the average cost of a wedding in Missouri ranges from $28,000 to $30,000. Although there is a slow resurgence in the industry, wedding officials note that there is still room for growth. Many people
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