out Wednesday from ADP shows median year-over-year pay increases for job switchers fell to 9% in September, the slowest rate of growth since June 2021. At their peak, workers saw roughly 16% year-over-year pay increases on average, more than double that of those who stayed at their job.
"Nominal wage growth must ultimately slow to a rate that is consistent with 2 percent inflation," Powell said duringFederal Reserve Chairman Jerome Powell speaks during a town hall meeting with teachers at the Federal Reserve Board Building, Thursday, Sept. 28, 2023, in Washington. Carlos Barria/ReutersRight-wing pundits and lawmakers are already rallying around the idea of former President Donald Trump as the next Speaker of the House following Rep. Kevin McCarthy’s shock ouster Tuesday. Conspiracy theorist Alex Jones, former Trump adviser Steve Bannon, and even the far-right cable network Newsmax all floated the idea of Trump taking over the role Tuesday evening, just minutes after McCarthy’s ejection from House leadership.
Donald Trump showed up in court for the first day of his $250 million civil fraud trial in New York, where he was confronted with video of his own deposition.
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