inflation

Overall retail sales in May were up 0.9%, much more than economists expected. And it’s not just because things were more expensive.

According to the latest Census report, sales at sporting goods, hobby, musical instrument, and book stores were up 11.3% in May from the same time a year ago.

Rising inflation and the bond markets are telling the Fed to raise rates. The guy in the White House is demanding cuts.

With the consumer price index running at 3.8% — and expected to rise further when new data drops Wednesday — purchasing power is eroding.

Even when temporary outlier categories are out of the picture, prices still rose more than the Fed’s 2% target in April.

The decline of a statistic known as personal income excluding transfers is seen as one indicator of a recession.

Production, new orders, imports and exports all increased, according to the latest Purchasing Managers Report from ISM. But according to the Labor Department, the economy has shed 66,000 manufacturing jobs over the past year.

In the April jobs report, inflation outstripped wage growth for the first time in three years. When the May jobs report comes out on Friday, we'll find out if that's a trend.

Dollar store chains are starting to report earnings for the first quarter of 2026, hinting at a growing consumer demand for deals.

The latest release from the Bureau of Economic Analysis shows the personal saving rate has dropped to its lowest point since June 2022.