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Fed Chair Jerome Powell has made it clear he will not waiver in the fight against inflation, even if it causes economic pain.
Many day laborers are having difficulties paying bills because of rising prices and fewer work opportunities.
A New York Fed economist says 60% of inflation was driven by demand for goods, and 40% was from supply-side issues that magnified that higher demand.
Retailers are trying to get rid of excess inventory by marking down certain products. That’s likely to lure shoppers.
Big-box retailers are dumping excess inventory because of lower sales. Liquidators, who resell that merchandise, are thriving.
From early bonuses to gas cards and free lunch, companies offer perks to retain employees while struggling to keep their costs down.
Inflation seems to be easing since the central bank met in July. But analysts observe the dynamics among policymakers.
Ice cream trucks are raising prices to keep up with increasing costs. That’s putting a chill in sales, Christina Morales of The New York Times reports.
Walmart customers are thinking about rising prices. Home Depot customers are thinking about rising interest rates.
The program is expected to provide a large benefits increase in 2023. Until then, many on fixed incomes have to tighten their budgets.