It was FOMC week, and there were lots of economics data releases, so this week’s list is heavy on Economics news. But you will also find articles covering investing (yes, more FTX news), communication challenges with Gen Z in the business world, Higher Ed, Philanthropy, and the impact a bad credit score had on the youngest new Congressman.  Enjoy between the World Cup matches!

Economics

• Here is the latest data release from the BLS on CPI. The bottom line is that goods prices are moderating, but services are not. Watch the release and reactions to it on CNBC.
• There is CNBC’s recap of the post FOMC press conference. Another good option is Seeking Alpha.
• Jeanna Smialek reviews how reality compares to last year’s inflation predictions, and questions if we should believe current forecasts. (NYTimes)
• If you have access to the Economist, here is their interpretation of US inflation data and Fed policy.
• The Fed looks at wage growth data as it considers whether or not inflation is slowing, and the data from November surveys showed a 0.6% monthly increase. Ricardo Trezzi looks more closely at this in a post published by Claudia Sahm in Stay at Home Macro.
• The ECB and Bank of England also raise interest rates by 50 basis points. (Reuters)
• Retail Sales fell more than expected in November, manufacturing declined, but jobless claims did too. Yahoo Finance covers all of these data releases.

Investing

• The SEC has proposed an overhaul of stock market trading hoping to (eventually) benefit retail investors. (Reuters)
• Read about how a man who could be described as a financial forensic scientist uncovered the FTX fraud ahead of its collapse. (The Atlantic)
• SBF was arrested in the Bahamas just before he was slated to testify before Congress this week. (CNBC) (Coindesk)
• In other fraud news, the SEC and the DOJ charge social media influencers in alleged $100 million fraud. (CNBC)
• After a rough year, one columnist predicts next year may be better for bonds. (NYTimes)
  

Credit Score

• Gen Z congressman denied DC apartment. Thanks to social media, lots of people came to his rescue, but his experience highlights the realities of relocating for a new job with paychecks several months out. (NPR)

Career/Soft skills

• Gen Z speaks another language, and office communication with older generations is a challenge for both sides. Who needs to adapt? (Washington Post)

Higher Ed

• Supply, demand and pricing—a small college cuts tuition to less than half to attract students and simplifying the aid picture. Will other schools follow as they compete in the increasingly difficult goal of filling their classes? This one would be great for a class discussion. (NYTimes)

Philanthropy

• Philanthropist MacKenzie Scott unveiled her website Yield Giving which details all of her $14 billion in donations, and will soon include guidelines for organizations to submit requests for donations in the future. (AP)

About the Author

Beth Tallman

Beth Tallman entered the working world armed with an MBA in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducts student workshops, and develops finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.

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