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In part, that’s because restaurants don’t want to scare away customers.
The report raises hopes that the Federal Reserve to raise short-term interest rates by less than had been anticipated when it meets in late September.
Wednesday the government will tell us how much prices changed year over year in July. Inflation was an alarming 9.1% in June.
The housing market is cooling a little. But there still aren’t that many homes for sale, just more than last year.
More people in the United States are working two full-time jobs than ever before, says Lauren Kaori Gurley of The Washington Post.
The chain has benefited from ’90s fashion trends, a good supply chain and looking outside of malls, says Elizabeth Segran of Fast Company.
That’s the biggest year-over-year increase in 20 years. Inflation is just part of the reason.
Uncertainty and high costs continue to worry businesses and exert upward pressure on inflation.
Grocery prices are up more than 12% over the past year. Climate change, the war in Ukraine and energy costs all have something to do with it.
Employees have leverage, for now, and rising prices provide a rational justification for requesting a raise.
