Stay updated with breaking news from Gregory Daco. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
WASHINGTON (AP) — Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, […]
Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back.
The Fed has so far been able to pull inflation lower without crushing economic growth—but the months ahead will present a new test.
The largest U.S. companies are cutting jobs and reducing expenses as Americans pull back after a period of aggressive inflation.
The largest U.S. companies are cutting jobs and reducing expenses as Americans pull back after a period of aggressive inflation.