Income growth is still outpacing inflation, but that gap is narrowing and could start to impact consumer spending.

While some consumer goods have become increasingly out of reach for Americans, deflation wouldn’t be good for the economy either.

Keep your eye on an inflation measure that focuses exclusively on goods except for food and energy.

Experts predict steep tariffs could lead to a recession this year.

Tariffs could hike the costs of accidents and further strain the insurance industry.

Businesses, consumers and the Fed are moving carefully because of uncertainty, says Raphael Bostic. “When the fog gets thicker, you're going to pull over and wait.”

Thanks to high costs and economic uncertainty, more eateries and bars, like Leyenda in Brooklyn, are closing.

At the end of the day, consumers need jobs and stable income, says labor economist Elizabeth Crofoot of Lightcast.

Bryan Tetorakis opened a listening bar in Cleveland last year. As costs fluctuate, he’s substituting menu ingredients to manage prices and profit.

General Mills is the latest food company to lower its sales outlook for the year. Campbell’s and Kraft Heinz have done it too.