Economy

Consumers are still spending. But for many, that now means dipping into savings.

Fed watchers expect the FOMC to raise rates at its September meeting, after Fed Chair Warsh said inflation hasn’t meaningfully improved.

We got lots of retail earnings reports this week, and they hinted at the continued K-shape of our economy.

Fresh data on orders for new semi-trucks, trains and planes in July showed a 2.3% increase from the previous month. That follows two previous monthly decreases.

They plan to cut back their spending on most services, except for utilities, according to a survey by The Conference Board.

The high price of gas is leading some Americans to take vacations closer to home in places like national parks.

Fed Chairman Kevin Warsh and other central bankers will be in Jackson Hole, Wyoming next week for a conference. Meanwhile, local residents combat high prices and rising rents.

Methodology changes to PCE are coming right as the central bank makes critical decisions about interest rates.

The Mexican government has launched its own line of electric vehicles, with technology from China under the hood.

Target, TJX Companies (parent of TJ Maxx and Marshalls), and Walmart all report earnings this week.