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The surprising post-pandemic drop in income inequality

A bar chart that shows changes in real median income by earnings group from 2021 to 2024. Middle earners, in the 40th-60th percentile, posted the largest gain at 7%. The top 10% fell 6%, the steepest decline. Lower-income groups rose 3% to 4%, while the 60th-80th percentile increased 2%.

Change in median real income, 2021-2024

Data: Federal Reserve Survey of Consumer Finances; Chart: Neil Irwin/Axios

Trump orders new investigation of Fed's Lisa Cook

The Fed's going to take its time with rate hikes

Markets

Axios Markets

"Mortgage puke" could be a factor in rate rise

Feeling queasy?

Data: FactSet; Chart: Axios/Matt Phillips 

Fed officials feared inflation pressures could spread, minutes show

Tariff price increases can take a year to fully show up, New York Fed says

Pro Rata

Axios Pro Rata

SpaceX is going on a bond binge

S&P 500 high aside, rate surge is hitting stocks

Can you take me higher?&nbsp;&nbsp;

Exclusive: Fed eyes AI, tariffs, energy for inflation outlook

Why Brazil's markets rallied

Brazilian Real to U.S. Dollar

Data: Financial Modeling Prep; Chart: Axios/Emily Peck

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News and analysis that matters about the Federal Reserve and interest rates.