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The intensity of a coming economic slowdown will depend on how much banks tighten credit conditions, says Austan Goolsbee.
Many Houston residents spend well over 30% of their income on shelter. On top of that, transportation costs are a growing burden on commuters.
And grocery prices are fallling.
As seasonal businesses focus on inflation and new hires for the summer, the shadow of a possible recession looms in the background.
The March report shows inflation slowing overall and prices easing in some key areas (food) and not in others (services and shelter.)
Because a restaurant tab pays for more than just the food on the table.
Fed watchers pore over the document in minute detail in search of clues about future rate hikes.
Here’s what that could mean for the labor market — and inflation.
It’s not inflation slowing, it’s actual prices falling.
As wage growth slows, workers consider job-hopping to boost their pay; but when offered a new job, only 3-in-10 try to negotiate for a better deal.