That pesky government shutdown will complicate monetary-decision making, says Chicago Fed president Austan Goolsbee. Plus: food dyes, fiscal years, and funding for small businesses.
The current labor market and a potential shutdown are red flags, yes. But consumer and business spending remain a bright spot. Plus: Agentic shopping, sensory-friendly haircuts, and lumber tariffs.
Americans are spending more money than they’re making due to tariff-induced cost pressures. Plus: ICE raids on businesses, Olympic surfing, and an LA artist.
The ongoing U.S.-China trade war is hurting American farmers. Amid record harvests in the U.S., farmers are finding lower prices and less demand when they bring it to market.
Dramatic interest rate cuts could lead to falling bond yields and an increase in spending, in the short term. Plus: In-store ads, a traveling nurse, and AI tools for tariff calculations.