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Stories Tagged as

Inflation

Crisis at Christmas: Strikes disrupt the U.K. during the festive season

by Stephen Beard
Dec 29, 2022
During a wave of industrial unrest, triggered by the cost of living crisis, striking workers voice their discontent from the picket line.
Workers strike outside a mail-sorting office not far from London. The now-privatized Royal Mail service says it can't afford an inflation-matching pay hike.
Mimisse Beard
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This year, it's inflation, not contagion, that's driving online commerce

by Matt Levin
Dec 26, 2022
While growth in e-commerce is not as strong as it was at the height of the pandemic, shoppers are still going online to look for good deals.
Though many consumers continue to shop online, internet sales have slowed since their pandemic heights.
Justin Sullivan/Getty Images
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Consumer sentiment inched up in December — from all-time lows

by Mitchell Hartman
Dec 23, 2022
The University of Michigan consumer sentiment index rose 5% from November, but was still 15% lower than one year ago.
Gas prices falling from their summer peaks have helped lift consumer sentiment — if only slightly.
Brandon Bell/Getty Images
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As Americans spend on experiences, inflation declines for goods and rises for services

by Matt Levin
Dec 23, 2022
It's a tale of two inflations: goods versus services.
After the heights of the pandemic, Americans decided to gorge in-person activities like dining out.
Spencer Platt/Getty Images
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Corporate profits are up 10% over the same quarter last year

by Justin Ho
Dec 22, 2022
Here's a look at why American companies are making more money, and how they're spending it.
"Consumer demand has really held up much better than anyone really expected," said George Pearkes of Bespoke Investment Group.
Brandon Bell/Getty Images
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As inflation hangs over the holidays, advertisers target feelings over products

by Kristin Schwab
Dec 22, 2022
Instead of displaying abundance of materials, ads are leaning into things like family time.
Some advertisers have shifted their focus away from the material this holiday season.
Getty Images
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The Bank of Japan hints at end of ultra-low interest rates

by Justin Ho
Dec 21, 2022
Despite global and domestic inflation, Japan's central bank held interest rates near zero. But it's just hinted that this policy will change.
By letting interest rates go up, the Bank of Japan could make government bonds more attractive to investors.
Philip Fong/AFP via Getty Images
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Consumers have kept the economy humming. How long can they keep it up?

by Sabri Ben-Achour
Dec 20, 2022
Although they're contending with inflation and economic uncertainty, they continue to rack up debt and burn through their savings.
With consumers racking up debt and burning through savings, economists expect a pullback in spending.
Justin Sullivan/Getty Images
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Economist El-Erian calls on the Fed to start “owning their mistakes”

by Kai Ryssdal , Andie Corban and Maria Hollenhorst
Dec 20, 2022
The prominent economist Mohamed El-Erian said the Fed is still “behind the curve” on inflation.
Mohamed El-Erian, chief economic adviser for Allianz, blames the Fed for failing to act sooner on inflation.
Rob Kim/Getty Images
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We probably aren't in a recession — but these indicators will tell us if and when we are

by Mitchell Hartman
Dec 19, 2022
Some signs are already flashing red. Job creation and consumer spending, though, are still chugging along.
“The labor market is still strong," said ZipRecruiter's Julia Pollak. But if it weakens, the U.S. economy may have already entered a recession.
Scott Olson/Getty Images
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