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Inflation

For this Detroit restauranteur, business is still "day to day"

by Sean McHenry
May 18, 2022
For Lester Gouvia, chef-owner of Norma G's Detroit, business in the pandemic economy has been a "rollercoaster."
"We do have some good days, we do still have some bad days," says Lester Gouvia, chef-owner of Norma G's Detroit, a Caribbean restaurant.
Courtesy Lester Gouvia
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Former Chair Ben Bernanke takes long view of Federal Reserve's current challenges

by Kai Ryssdal and Marketplace Staff
May 17, 2022
“I think it's important to look back at history,” said the former leader of the U.S. central bank.
During an interview with Kai Ryssdal of "Marketplace," former Fed Chair Ben Bernanke discussed how the Federal Reserve has dealt with inflation in the past as well as its current approach.
Nancy Farghalli/Marketplace
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Shelf Life

How looking back at the Fed’s past can help us understand its future

by Ben Bernanke
May 17, 2022
Former Federal Reserve chairman Ben Bernanke's new book charts a history of “remarkable innovation and change.”
The Marriner S. Eccles Federal Reserve building in Washington, D.C.
Jim Watson/AFP via Getty Images
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Energy is getting more expensive. More middle-income families are struggling to pay.

by Samantha Fields
May 16, 2022
Between a quarter and a third of U.S. households are said to be energy insecure, and many don't qualify for aid.
Energy costs should take up about 6% of household income, energy experts say. But many low- and middle-income families are spending multiple times that.
Photo illustration by George Frey/Getty Images
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Cloud of inflation hangs over retailers, consumers as Memorial Day sales approach

by Kristin Schwab
May 16, 2022
As consumers think about the impact of inflation on their wallet, retailers are devising ways to welcome them into their stores for sales.
Both retailers and consumers will see how inflation could affect this year's Memorial Day sales.
OLIVIER DOULIERY/AFP via Getty Images
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Fed Chair Jerome Powell: "Whether we can execute a soft landing or not, it may actually depend on factors that we don't control."

by Kai Ryssdal and Marketplace Staff
May 12, 2022
"I think the one thing we really cannot do is to fail to restore price stability," Powell told Kai Ryssdal.
Federal Reserve Chair Jerome Powell, left, speaks with Marketplace host Kai Ryssdal in Washington, D.C., on Thursday.
Nancy Farghalli/Marketplace
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Inflation eases, but uneasy consumers expect more price hikes

by Mitchell Hartman
May 11, 2022
Will worries about higher costs down the road lead to curtailed spending?
Inflation is slowing slightly, but economic anxiety is ramping up.
Frederic J. Brown/AFP via Getty Images
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With money to spare, some states look to tax breaks to ease inflation

by Andy Uhler
May 10, 2022
How and when the breaks are applied will vary from state to state.
States could use budget surpluses to help people with everyday costs.
Stefani Reynolds/AFP via Getty Images
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Government data seems to show inflation's slowing. But that doesn't mean prices will fall.

by Justin Ho
May 10, 2022
In some ways, falling prices would actually be bad news for the economy.
Americans are frustrated with inflation in the prices of everyday items, but deflation would cause its own problems.
Frederic J. Brown/AFP via Getty Images
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Economic Pulse

California's drought is squeezing farmers and threatening food prices

by David Brancaccio and Rose Conlon
May 10, 2022
“There are a lot of empty fields that aren't being planted — something I've never seen before," say Terranova Ranch's Don Cameron.
In California, almond trees are being removed and hundreds of thousands of acres of rice won't be planted because of the drought, says Don Cameron of Terranova Ranch.
Justin Sullivan/Getty Images
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