Business and Finance
Economics expert explains how consumer price reports show ‘inflation is not done yet’
The statistics from these reports have economists predicting that the Federal Reserve will continue to raise interest rates to get inflation under control.
Expectations that inflation has eased fueled recent stock market gains, but results from two major price-tracking indexes came in higher than expected, dousing that optimism with cold water. The statistics from these reports have economists predicting that the Federal Reserve will continue to raise interest rates to get inflation under control.
“The latest figures underscore the risks of persistently high inflation. Much of the easing that was celebrated at the end of last year has been erased,” said David Bieri, an economics professor for Virginia Tech’s School of Public and International Affairs. He answered a few questions about the persistence of inflation and the Federal Reserve’s efforts to reverse it.
Q: What is the difference between the Consumer Price Index (CPI) and the Personal Consumption Expenditures Price Index (PCE)?
“The CPI is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. This basket includes commonly purchased items such as food, housing, clothing, transportation, and medical care. The rate of inflation (or deflation) is then inferred by comparing the price of this basket to a base period. The PCE is the one used by the Federal Reserve. Unlike the CPI, the PCE measures not just goods and services for urban consumers, but the prices of all goods and services purchased by households. While the CPI uses a fixed basket of goods and services, the PCE uses a changing basket of goods and services that reflects consumers’ evolving spending patterns. Also, the PCE incorporates data on the quality of goods and services.”
Q: What can be deduced about inflation and the economy from these new statistics?
“Different components of the indexes react to different influences of the economic process, and they also do so at different speeds, or as economists like to say, with different lags. For example, fuel and gas prices react with very little delay and if the price of crude oil goes up, it does not take long for these effects to show up. But this is not the case for other important components. Quite a bit of the recent uptick in inflation has to do with the fact that it has taken so long for the post-COVID related upswing in housing to show up in the data. As for the most recent PCE numbers, these were unexpected and point in the direction of more entrenched inflation. In other words, inflation is not done yet.”
Q: What do these results indicate about the Federal Reserve’s efforts to curb inflation?
“The Fed has to be patient. If we take the image of interest rates working like a brake pedal, the Fed is driving a car on a windy road with a blacked-out windscreen and when it brakes, it can only guess how soon the car — that is, the economy — will slow down, let alone by how much and when the next bend will be. However, the Fed has one key trick up its sleeve: unlike the hapless driver of our car, the Fed can influence how many bends in the road might show up in the future. It does this by something that we call ‘forward guidance,’ which is a wonky term for how the Fed’s attempts influence consumer and market expectations of consumers and market participants. Essentially the Fed is saying that if we stop believing there will be inflation in the future, there actually won’t be any.”
About Bieri
David Bieri is an associate professor of urban affairs in the School of Public and International Affairs and an associate professor of economics. He also holds an appointment in the Global Forum on Urban and Regional Resilience. His teaching interests are at the intersection of public finance, monetary theory, and history of economic thought. He has held various senior positions at the Bank for International Settlements in Basel, Switzerland. Prior to his work in central banking, he worked in investment banking in London and Zurich. View Bieri’s full bio.
Source: Virginia Tech
Business and Finance
Handshake Launches Free AI Skills Studio to Help Job Seekers Prepare for an AI-Driven Workplace
Handshake has launched AI Skills Studio, a free project-based learning hub designed to help students and job seekers develop practical AI skills and demonstrate what they can do to prospective employers.
As artificial intelligence becomes a bigger part of everyday work, knowing how to actually use AI tools may become just as important as knowing what they can do.
Career platform Handshake is betting on that shift with the launch of AI Skills Studio, a free learning hub designed to give students and job seekers practical experience using AI through short, hands-on projects.
Handshake’s AI Skills Studio aims to help job seekers build practical, hands-on AI experience as artificial intelligence becomes increasingly important across the workplace. Image: Rod Washington and Firefly.
Announced September 22, AI Skills Studio offers project-based learning “missions” that generally take between 10 and 45 minutes to complete. Instead of focusing primarily on lectures or traditional coursework, participants work directly with AI and technology tools to create something tangible.
Projects can include automated workflows, software, interactive games, data dashboards, portfolios, and tools aimed at preparing users for jobs in areas such as sales and marketing.
The program was developed with a broad group of technology companies and educational partners, including Clay, Figma, Gamma, Google, Lovable, Notion, OpenAI, Replit, Salesforce, Southern New Hampshire University and Vercel.
Turning AI knowledge into something employers can see
One of the more notable aspects of AI Skills Studio is its emphasis on demonstrating skills rather than simply listing them on a résumé.
After completing a mission, learners can add their projects to their Handshake profiles and potentially feature them in the platform’s AI Showcase. Participants also receive verified skill badges intended to provide employers with evidence that they have applied particular AI skills.
That approach reflects a growing challenge for both applicants and businesses: simply saying someone is familiar with artificial intelligence doesn’t necessarily show an employer what that person can accomplish with it.
“Employers know they need people who can work effectively with AI, but a résumé can’t tell you what someone is truly capable of,” Handshake Chief Operating Officer Jon Stull said in announcing the program.
For job seekers, that could make small AI projects increasingly useful as part of a professional portfolio, particularly for people entering the workforce without years of experience.
Students see AI skills becoming increasingly important
Handshake says its own research indicates that many students recognize the importance of AI but don’t necessarily believe their education has kept pace.
According to the company’s 2026 Network Trends Report, 58% of graduating seniors surveyed said they would need a stronger understanding of AI to succeed in the workplace. Only 28%, however, said AI had been meaningfully integrated into their educational programs.
Those figures come from Handshake’s own research, but they highlight a broader issue confronting workers, schools and businesses as generative AI moves rapidly into professional environments.
Julia Stiglitz, Handshake’s Chief Education and Workforce Officer, said people shouldn’t necessarily wait for the technology—or the workplace—to stop changing before beginning to develop AI skills.
“The best thing people can do is start learning and start building,” Stiglitz said.
Learning with tools used in the workplace
Rather than teaching AI only as a theoretical subject, the Studio is designed around tools people could encounter professionally.
OpenAI, for example, is participating with projects involving ChatGPT and Codex. Google is contributing training involving its AI tools and workflows, while other partners bring experience in areas ranging from software development and design to productivity and enterprise technology.
An AI Skills Instructor provides learners with guidance and feedback while they complete projects.
Handshake says connecting those projects directly to a career profile could also give employers another way to evaluate applicants—allowing recruiters to look at what candidates have actually built instead of relying entirely on degrees, résumés or self-reported skills.
AI could change what “experience” means
The development is especially interesting for students, career changers and early-career workers.
Traditionally, gaining experience has often created a familiar problem: employers want applicants with experience, while applicants need employment opportunities to acquire that experience.
Project-based AI training doesn’t eliminate that problem, and completing a short AI exercise isn’t the same as performing a job professionally. But projects can provide another way for someone to demonstrate curiosity, technical familiarity and the ability to apply new tools to a specific task.
As AI becomes embedded in more occupations, portfolios demonstrating how someone uses the technology could become an increasingly useful complement to conventional credentials.
That doesn’t mean everyone needs to become an AI engineer. The more immediate workplace skill may simply be understanding how to use AI effectively within an existing profession—whether that’s marketing, design, software development, sales, research or business operations.
Handshake’s new program is another indication that career preparation is beginning to adjust to that reality.
AI Skills Studio is available free through Handshake’s website and mobile app.
Source: Handshake press release, September 22, 2026. Statistics regarding graduating seniors and AI education are attributed to Handshake’s 2026 Network Trends Report.
Source and Related Links
Handshake — Introducing AI Skills Studio: AI Skills Studio launch and overview — Details the program, project-based missions, participating partners and how completed projects can be displayed to employers.
Handshake — What is AI Skills Studio?: AI Skills Studio Help Center — Official information on how the program works, eligibility, missions and access.
Handshake — Class of 2026 Graduation Report: AI and the Workforce Ahead — Supports the article’s statistics that 58% of graduating seniors say they need stronger AI skills while only 28% say AI has been meaningfully integrated into their academic program. Handshake
Handshake — Workforce Outlook: Class of 2026 in the AI Economy — Additional research on AI adoption, employer demand and attitudes toward AI among graduating students.
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Consumer Corner
5 Hidden Ways to Save on Home Insurance Costs
Lowering Home Insurance Costs? Many home improvements offer an added bonus of unlocking insurance discounts, but these savings opportunities can easily fly under the radar when you aren’t actively on the lookout for them.
5 Hidden Ways to Save on Home Insurance Costs
(Feature Impact) When you’re planning home improvements, you’re often thinking about improving the comfort, safety, aesthetic or value of your home. Many changes and renovations have the added bonus of unlocking insurance discounts, but these savings opportunities can easily fly under the radar when you aren’t actively on the lookout for them.
“Homeowners tend to think about their insurance when they buy the house or when they have a claim, but a lot can change in between,” said Larry Anderson, director of underwriting operations at Mercury Insurance. “Something as simple as reviewing your policy with your agent once a year can help make sure your coverage still reflects your home today and identify improvements or other factors that may qualify you for additional savings.”
The experts at Mercury Insurance, a multiple-line insurance carrier emphasizing competitive rates and excellent customer service, encourage homeowners to consider these five ways to save on home insurance costs.
Updating Older Parts of the Home
As a home ages, it’s wise to look at what parts and systems may be deteriorating and need upgrades for modernity or safety reasons. Replacing older electrical, plumbing or other major systems can protect your home from emergencies and loss risks. Depending on the state you live in, your specific policy and the improvements you made, it can also qualify your property for an updated-home insurance discount.
Keep records of major improvements – including receipts, work permits and information about when the work was completed – and plan to discuss the upgrades during your next insurance review.
Adding Protective Technology
Beyond replacing the batteries in your smoke detectors, you can outfit your home with a variety of protective devices that make a difference to insurers. Consider options like monitored burglar and fire alarms, smart water sensors and automatic water shutoff systems designed to detect problems before they become major losses. Remember, while security upgrades can make your home less risky to insure, they won’t save you money if your insurer doesn’t know you’ve installed them.
Improving Resilience to Damage
If you live in an area prone to extreme weather or other hazards, resilience upgrades could both safeguard your home and access insurance savings. Depending on your location, qualifying improvements could include a stronger roof, wildfire mitigation measures or flood defense options. Local insurance agents can provide more specific guidance on ways to make your home less vulnerable to damage – or whether you’re eligible for discounts because of work you’ve already completed.
Qualifying for Community Programs
Even if you haven’t personally made renovations to your home, certain changes in your community could help you save on insurance. That could include local wildfire mitigation measures, membership in a qualifying homeowners association or other neighborhood characteristics that affect coverage options, but specific programs vary by location.
Reviewing Insurance Products and Discounts
Whether something significant has changed in your home or community or not, it’s always valuable to review your insurance coverage on a regular basis. For instance, there may be new products or discounts that simply didn’t exist when you originally purchased your policy. Beyond savings considerations alone, ask your agent questions to make sure your coverage still reflects your circumstances and goals.
“Finding savings is always welcome, but the bigger goal of a policy review is making sure your insurance keeps pace with your life and your home,” Anderson said. “A house isn’t static. We improve it, maintain it and protect it in new ways over time. Your insurance should keep up with those changes.”
For more information on homeowner coverage and discount eligibility, visit MercuryInsurance.com.
Questions to Consider During Your Annual Insurance Checkup
An annual insurance review is an opportunity to look for savings and update coverage. Use these questions as a jumping-off point for discussions with your agent:
- What has changed about my home?
- What has changed about my property or community?
- Have my circumstances changed?
- Are discounts available today that weren’t when I purchased my policy?
- Does my coverage still reflect what it would cost to repair or rebuild my home today?
Photos courtesy of Shuttersotck
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Health and Life Insurance
Lessons in Life Insurance: 4 Reasons Getting It May Be Easier Than You Think
Life is the most valuable thing you have – and like all valuable things, it should be insured. Even thinking about life insurance can be stressful, so it’s one of those things that’s easy to put off and tell yourself you’ll do another day. Consider these four ways to make getting life insurance simpler than you thought.
Lessons in Life Insurance: 4 Reasons Getting It May Be Easier Than You Think
(Feature Impact) Life is the most valuable thing you have – and like all valuable things, it should be insured. Even thinking about life insurance can be stressful, so it’s one of those things that’s easy to put off and tell yourself you’ll do another day.
If that’s how you feel, you aren’t alone. According to the 2026 Life Happens Life Insurance Survey, nearly half (46%) of U.S. adults have getting life insurance on their to-do list but plan to deal with it later or not at all. Confusion, procrastination and cost concerns are among the main reasons people kick this can down the road, according to 45% of respondents.
Yet the survey also uncovered an interesting disconnect: 69% of Americans said they personally know someone who had life insurance or whose family used a life insurance policy, most often a parent or parent figure (33%), but still haven’t made getting coverage a priority.
“Life insurance isn’t unfamiliar to most Americans,” Life Happens Executive Director Brian Steiner said. “The challenge is turning that awareness into action. People may think life insurance is something they can deal with later, but waiting can leave the people they love financially vulnerable. Getting started doesn’t have to be complicated, and professional guidance can help you find protection that fits your needs and budget.”
Consider these four ways to make getting life insurance simpler than you thought.
Watch this video to learn more
1. Find a policy that’s a fit.
Roughly 4 in 10 survey respondents reported feeling overwhelmed, anxious or some combination of both about planning for life insurance, with 12% citing thinking it’ll be too expensive as a reason they’ve delayed looking into, buying or updating life insurance.
The good news: There’s a policy that’s right for your current needs. It may be term life insurance, which provides protection for a specific period of time, like to cover a mortgage or tuition for children. There’s also permanent life insurance, which offers lifelong protection, as long as you pay the premiums.
2. Take advantage of digital tools
One-quarter of respondents said they’d be more likely to look into life insurance if they learned it was easier to get than they thought, and digital tools can help make that demand a reality.
It can take as little as two minutes to find out how much you need, for example, with the life insurance needs calculator from the nonprofit Life Happens. Just answer a few simple questions to estimate the amount of life insurance coverage you may need to take care of your family.
3. It’s about protection, not perfection.
Part of the anxiety around life insurance may be the perception that it should be perfect. For more than 1 in 5 survey participants, the plan is to seriously look at it when they feel more financially stable, and another 12% simply said they’ll do it when they’re older.
However, life insurance doesn’t have to check all the boxes for every stage of your life – you can find what works for your family right now then adjust as things change over time.
4. Professional help is available.
Perhaps the biggest hurdle to tackling life insurance is the feeling that you’re in it alone. Overall, 55% of respondents said if they learned life insurance may be easier to get than they expected, they’d be more likely to start the process.
With professional help only a few clicks away, you can rest assured you’re on the path to a life insurance fit that’s right for you by visiting findapro.lifehappens.org.
Photo courtesy of Shutterstock
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