The Federal Reserve’s preferred inflation measure continued to cool on an annual basis, even as a key monthly gauge nudged higher.
Category: Consumer Behavior
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Levi’s Wants You to Rethink Your Denim Shopping
Under a new chief executive, the brand known for jeans is aiming to be a full outfitter, working primarily through its own stores and e-commerce.
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Will Food Prices Stop Rising Quickly? Many Companies Say Yes.
Food companies are talking about smaller price increases this year, good news for grocery shoppers, restaurant diners and the White House.
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Walmart Reports Rising Holiday Sales as Shoppers Seek Value
The number of transactions at the retail giant rose 4.3 percent but the average ticket price decreased by 0.3 percent, a sign that shoppers spent a little less during shopping trips.
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He Grew Up in the Shadow of the ‘Wolf of Wall Street.’ Then He Got Into Debt Settlement.
Ryan Sasson built a business that reaped hundreds of millions of dollars in fees for helping people negotiate down their debts. But former clients — and prosecutors — say it was exploitative.
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Economists Expected a Hiring Slowdown. So Much for That.
Jobs and wage gains remain robust despite the Federal Reserve’s campaign to cool the economy, surprising policymakers and economic forecasters.
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Biden Takes Aim at Grocery Chains Over Food Prices
President Biden has begun to accuse stores of overcharging shoppers, as food costs remain a burden for consumers and a political problem for the president.
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Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
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Why Cut Rates in an Economy This Strong? A Big Question Confronts the Fed.
The central bank is widely expected to lower interest rates this year. But with growth and consumer spending chugging along, explaining it may take some work.
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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
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Economists Predicted a Recession. So Far They’ve Been Wrong.
A widely predicted recession never showed up. Now, economists are assessing what the unexpected resilience tells us about the future.
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U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.