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Another example of inflation caused by the pandemic.
El Pueblo Mexican Food, a family-owned restaurant chain in San Diego, California, is bucking price trends.
While inflation for goods may be back to pre-pandemic levels then, higher inflation for services could stick around.
The expiration of pandemic-era government benefits is partially responsible for the increases in poverty.
In August, for the 20th straight month, business owners scored their outlook below average.
But they expect other key measures to be less positive. Here’s what that means for the Fed.
That could be a sign that the Fed’s interest rate hikes are working and the economy is cooling.
There is growing confidence that the Fed can pull off lowering inflation without a recession, said Chicago Fed CEO Austan Goolsbee.
But what they’re spending their money on is shifting.
Reports from companies and job search sites indicate that employers are lowering the pay they offer for newly posted jobs.