Waiting for another inflation report, with concern

Aug 9, 2022
Wednesday the government will tell us how much prices changed year over year in July. Inflation was an alarming 9.1% in June.
While rising prices for services, like styling hair, worry economists, prices for some goods may be dipping.
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GDP dips by 0.9% in second quarter, but consumers are still spending

Jul 28, 2022
While consumers cut back on goods spending, spending on services jumped.
While consumer spending on goods dropped in the second quarter, services spending jumped.
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We're saving less. Will we spend less?

Jun 14, 2022
After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.
Travelers board a train in Washington, D.C. Partially fueled by pent-up demand for services, consumers are spending down their savings.
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Consumers are spending on services again as the pandemic shopping spree for goods cools

May 31, 2022
People want to get outside and do stuff, not just buy stuff. That's reflected in surging travel bookings — and airfare.
Consumers are still spending on big-ticket, durable goods like furniture. But now demand for services is picking up again.
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Consumers have shifted spending away from goods and toward services

May 26, 2022
But they'll shift back when goods they want — like cars — become available.
Now that they're out of the house, consumers are spending money on things like travel and dining out — despite their rising costs.
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Small businesses that provide services face a pricing dilemma

Mar 31, 2022
Customers are coming back to businesses like restaurants and day spas, but with costs going up, how much should businesses charge?
Restaurants, spas and other service businesses are adjusting their prices to cope with supply chain issues and inflation.
Patrick T. Fallon/AFP via Getty Images

Inflation's already increasing the cost of goods. The cost of services could be next.

Feb 22, 2022
The services sector has been feeling the pinch of higher costs, particularly when it comes to wages.
Wages for workers in service industries like catering and child care have gone up in the tight labor market.
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Will inflated prices come back down? Mostly no.

Feb 8, 2022
When conditions leading to inflation ease, don't get your hopes up that prices will go the other way.
The prices of things that tend to be volatile, like energy, may dip when the factors that cause inflation ease. But goods like clothing or home appliances? Probably not so much.
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The U.S. economy tries to find its happy place

Jan 5, 2022
IHS Markit's Purchasing Managers' Indexes for services and manufacturing are a mixed bag.
Observers have attributed freight trains' service shortfalls to both pandemic-related stresses and cost-cutting to please investors.
Patrick T. Fallon/AFP via Getty images

What consumer spending can tell us about the economic recovery

Apr 28, 2021
The numbers are a snapshot of March, when many Americans were spending freshly received stimulus checks.
This Friday's consumer spending numbers will mostly be based on the experience economy, which includes services like bars, hair salons and theaters.
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