This week, the EPA revoked what’s called the “endangerment finding,” which found that fossil fuel emissions can endanger human health. The agency says the U.S. will save money, but there are other costs, human and financial.
On top of the infamous “K shape” between high- and low-income households, economists also see a widening spending gap between high- and middle-income consumers.
The data from the Census Bureau could mean that consumers are pulling back — or it could just mean that they did more of their holiday shopping in November.
Americans were less worried about the short-term trajectory of inflation and hiring in January, according to a survey by the Federal Reserve Bank of New York.