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U.S. inflation has slowed sharply from a 40-year peak of 9.1% and it's gotten an assist from a surprising source: Falling medical costs. But that's ending.
The U.S. unemployment rate jumped to an 18-month high of 3.8% in August. Does that mean the economy is tottering and layoffs are rising? Ah, no. Here's why.
The U.S. was supposed to be in recession by now because of rising interest rates. Instead a resilient economy is seeking to pull off a third "two-fer" in a row.
U.S. consumer spending rose a mild 0.1% in May, but households have shown little inclination to cut back despite rising interest rates and recession talk.