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Stories Tagged as

Inflation

Wage increases haven't really boosted inflation, new Fed research says

by Lily Jamali
May 31, 2023
Businesses have been finding ways to absorb wage increases without charging customers more.
Rising wages are only responsible for about a tenth of a percentage point of the increase in PCE, research from the San Francisco Fed says.
Justin Sullivan/Getty Images
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When a wedding, student loan payments and economic anxiety mean it's time for a second job

by Andie Corban
May 31, 2023
"I wanted to have something that I could easily add on to my current workload," says chemist April Oliver of Bozeman, Montana.
In addition to her full-time job, April Oliver is working as an adjunct faculty member at a nearby university leading chemistry labs.
Thibault Savary/AFP via Getty Images
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People over 55 are more glum about the economy, consumer survey says

by Stephanie Hughes
May 30, 2023
People in that age group have less time left to earn or save money for retirement and have had more time to accrue debt.
In some ways, how you feel about the economy in your 60s and 70s depends on how things went in earlier decades. 
Chainarong Prasertthai/Getty Images
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Turkey’s retirees feel inflation’s pressures ahead of second-round election 

by Victoria Craig
May 25, 2023
In 2021, the Istanbul Political Research Institute found that 12% of Turks over 65 were still working, in part because pensions are not adequate.
People sit at a tea house in Sincan, a district outside of Ankara’s city center where a majority of voters supported President Erdogan in the first-round of elections on May 14.
Victoria Craig
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People are spending less on things — and more on fun

by Savannah Maher
May 24, 2023
Consumers at almost every income level are finding ways to spend on getting out of the house.
Despite inflation, consumers have continued to spend on dining out, travel and other fun.
Justin Sullivan/Getty Images
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"We're right at the beginning of the hard part" of taming inflation, Atlanta Fed CEO says

by Kai Ryssdal and Sean McHenry
May 24, 2023
Raphael Bostic says the Fed needs to stay focused on its goal of slowing down the economy and reducing inflation to its 2% target.
"Ultimately, shaken confidence in the full faith and credit of the United States government will not be good for the economy and will not be good for your average American," Raphael Bostic of the Atlanta Fed says of the debt ceiling debate.
Stephen Nowland/Federal Reserve Bank of Atlanta
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Consumers say they're doing fine, but the economy as a whole isn't. Why?

by Justin Ho
May 23, 2023
It all depends on the questions pollsters ask. "How are you doing?" will elicit a different answer than "How do you feel about inflation?"
According to a survey out this week, almost three-quarters of people feel at least OK about their own personal economies. But other surveys suggest people think differently about the broader economy.
David Becker/Getty Images
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2023 has been a year for bankruptcy

by Kristin Schwab
May 18, 2023
More than 230 companies declared bankruptcy before the end of April. What is happening?
David’s Bridal is among the more than 230 companies that declared bankruptcy before the end of April.
Justin Sullivan/Getty Images
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Foreign home buyers become a central issue in Turkish presidential election

by Victoria Craig
May 12, 2023
In the Turkish city of Antalya, an influx of foreign buyers have exacerbated existing housing affordability woes.
Turkey's main opposition leader Kemal Kilicdaroglu speaks during a rally, Turkey. He has promised to restrict foreign homebuying if he wins the presidency.
Burak Kara/Getty Images
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Why the price of eggs is down — and likely to keep falling

by Henry Epp
May 12, 2023
Fewer bird flu cases and a natural increase in egg supply in the spring is leading to lower prices.
Egg prices dropped more than $1.50 on average between January and April 2023.
John Thys/AFP via Getty Images
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