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Strong consumer spending and job gains so far in 2023 spur Fed Chair Powell to double down on rate hikes.
Theoretically, yes.
Retailers’ financial results show weaker spending on nonnecessities like electronics. Here’s where consumers are pulling back.
The Treasury secretary says “people don’t need to lose their jobs” to cool down the labor market.
Economists say 3.5% wage growth is about right when you take inflation and productivity growth into account — but we’re not there yet.
Less of a good thing: “Marketplace” listeners tell us about products they’ve seen that have undergone “shrinkflation.”
Higher productivity could drive up wages, temper inflation and aid the energy transition, the McKinsey Global Institute finds.
How a department store more than a century old has survived two pandemics, the Great Depression, and multiple recessions.
Wholesale prices rose 0.7% in January, showing that inflation is sticking around.
Congress will be debating food aid programs covered by the bill, just as pandemic-era funding increases for food aid expire while grocery costs remain high.