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The services sector has been feeling the pinch of higher costs, particularly when it comes to wages.
President’s Day weekend is usually marked by sales. But both supply chain shortages and inflation are complicating the hunt for a bargain.
The monthly gauge rose 3.8%, showing that Americans are eager to shop despite inflation. It could further push the Fed to hike rates.
Home furnishing sales went up 7.2% month over month in January, but why are people buying so much furniture?
Even though sentiment has tanked, a New York Fed survey finds that consumers expect inflation to ease in the future.
Some workers are seeing wage increases above the rate of inflation. But, overall, rising prices are outpacing rising wages.
The University of Michigan’s consumer sentiment index is at a 10-year low. But consumer demand and savings remain high.
Not the farmers.
The consumer price index captures how much urban residents spend on goods and services, but it misses some of the nuance of rural life.
We zoomed in on the cities where inflation has risen the most and the least.
