Alicia Wallace

Senior Writer, CNN Business

Alicia Wallace is a senior writer for CNN Business covering the economy and topics such as cannabis.
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‘A lot of fear:’ Trump’s deportation proposals are already rattling workers
Nov 21, 2024
President-elect Donald Trump’s promise to further restrict immigration and roll out “mass deportations” has not been finalized, but the specter of looming policy changes is already reverberating throughout the US job market.
Michael Prieto, owner of Barrel-Art, spraying a clear coat finish on products in his shop in Newport News, Virginia, on November 13.
Courtesy Michael Prieto/Barrel-Art LLC
‘Just pure uncertainty.’ Small businesses are hopeful and fearful ahead of Trump’s second term
Nov 15, 2024
Family-run furniture and barware maker Barrel-Art has now been through three US presidential elections. While the run-up to the 2024 race brought similar business patterns as those experienced in 2016 and 2020, it has also brought more unpredictability than previous presidential outcomes.
A worker stacks off-cut planks of pine wood on a forklift at Woodstock Wood sawmill in Saugerties, New York, on April 10, 2024.
Angus Mordant/Bloomberg/Getty Images/File
Wholesale inflation heated up again last month, reversing recent progress
Nov 14, 2024
US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level.
US consumer spending has remained strong despite the dual pressures of high inflation and elevated interest rates.
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Americans’ debt is growing — but so are incomes
Nov 13, 2024
Americans are continuing to pile on debt at record levels — but for many households, those IOUs are completely manageable, according to new data released Wednesday.
Customers shop in the deli meat aisle of a grocery store on October 17 in Miami.
Joe Raedle/Getty Images
Inflation hit a bump in October after slowing for six straight months
Nov 13, 2024
The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts.
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Small businesses, how are you approaching a Trump presidency?
Nov 7, 2024
US businesses large and small say they have been in “wait-and-see” mode amid election uncertainty.
Having an expectedly messy jobs report land just days before a consequential election and a pivotal Federal Reserve meeting is a particularly prickly situation.
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Final jobs report before Election Day shows US economy added 12,000 positions amid strikes and storms
Nov 1, 2024
The monthly jobs report — the final piece of major economic data to land before a consequential, contentious and too-close-to-call election — was clear as mud.
Economists expected the Personal Consumption Expenditures price index, the Federal Reserve's preferred measure of inflation, to slow to 2.1% in September.
Joe Raedle/Getty Images
The Fed’s favorite inflation index just cooled again
Oct 31, 2024
Inflation has slowed further and is just a hair’s breadth from the Federal Reserve’s 2% target.
Economists are expecting the US economy added 117,500 jobs in October, far below September's gains.
Angus Mordant/Bloomberg/Getty Images/File
Expect the unexpected in Friday’s jobs report
Oct 31, 2024
The barrage of economic data released so far this week has painted a pretty clear picture: Growth is rock solid, and inflation is all but tamed.
A hiring sign is displayed in front of a store at the Tysons Corner Center mall in Alexandria, Virginia, on August 22, 2024.
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Private sector added twice as many jobs as expected in October
Oct 30, 2024
Private sector hiring blew past expectations in October, another sign that the US labor market remains on solid footing, payroll processor ADP reported Wednesday.
Job openings dropped in September to 7.4 million, landing back near pre-pandemic levels.
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Job openings fall to pre-pandemic levels as US labor market continues to cool down
Oct 29, 2024
In the next four days, a fire hose of data will be unleashed, providing crucial snapshots of the US economy in advance of a pivotal election and a Federal Reserve meeting.
Boeing workers gather on a picket line during an ongoing strike on October 24 in Seattle.
David Ryder/Getty Images
Boeing and other strikes will take at least a 44,000-job bite out of the October jobs report
Oct 25, 2024
Striking workers will take at least a 44,000-job bite out of the October jobs report, according to new data released Friday.
Consumers' expectations for a missed debt payment hit a four-year high in September, according to new data from the Federal Reserve Bank of New York.
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Americans haven’t been this worried about making their credit card payments since the pandemic
Oct 15, 2024
Americans are feeling fairly secure in their jobs, they expect to continue to earn and spend more than they did pre-pandemic, and they think inflation isn’t getting much worse, according to new survey data released Tuesday by the Federal Reserve Bank of New York. But they’re growing increasingly anxious about mounting credit card debt.
A worker places metal in a milling machine while producing parts for a Boeing 777 jetliner at Pathfinder Manufacturing, near Boeing's Everett widebody jet plant, at a factory in Everett, Washington, on September 25, 2024.
David Ryder/Reuters
Another key US inflation gauge fell in September
Oct 11, 2024
Inflation for US producers slowed further in September, adding to hopes that prices aren’t getting jacked up before they get to consumers.
A customer shops at a store in Brooklyn on August 14, 2024, in New York City.
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America’s inflation is getting back to normal. But price problems persist
Oct 10, 2024
America’s inflation continued to slow in September, reaching a fresh three-and-a-half-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018, according to data released Thursday.
Economists projected that the US added 140,000 jobs in September and that the unemployment rate held steady at 4.2%.
Matt Rourke/AP
US economy added 254,000 jobs in September, logging surprisingly robust growth
Oct 4, 2024
US job growth surged in September, blowing past expectations and providing solid reassurance for the ongoing stability of the labor market.

About

Alicia Wallace is a senior writer for CNN Business covering the economy and topics such as the emerging cannabis industry. Based in the Bay Area, she specializes in writing economy feature articles that blend data and the human experience. Her coverage also includes articles on bigger-picture developments in the emerging cannabis industry.

Before joining CNN, Wallace was a Knight-Bagehot Fellow at Columbia University in New York for the 2018-’19 academic year. Prior to being selected for the business journalism and economics fellowship, Wallace covered the cannabis industry from a national lens for The Denver Post and its web vertical, The Cannabist. There, she chronicled a multibillion-dollar industry enveloped in federal-state conflict, the implementation of novel state regimes, and the emergence of a federally illicit substance into mainstream marketplaces and businesses. In her time at The Denver Post and, before then, the Daily Camera in Boulder, Colorado, she served as a business reporter, covering a wide variety of industries such as natural products, tech, biopharma, retail, aerospace, and craft beer.

Wallace has won gold (2013) and silver (2018) awards from the National Association Real Estate Editors association and was selected for the Donald W. Reynolds National Center for Business Journalism Strictly Financial Fellowship (2011). She has also won numerous 1st, 2nd and 3rd place awards from the Colorado Press Association, Colorado AP Editors and Reporters and the Society of Professional Journalists.

Wallace received a B.S. Journalism: News-Editorial with honors from the University of Colorado-Boulder. She also received a Certificate in Economics and Business Journalism from Columbia University.