The Federal Reserve’s moves to cool the economy with higher interest rates seem to be taking gentle hold. Wage growth lost momentum.
Category: Consumer Behavior
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US Employers Added 223,000 jobs in December
The New York Times – Business: -
Tesla Car Sales Rose 18% in Last Quarter
The New York Times – Business:The company’s rapid growth is expected to ease as the economy slows and demand for its electric cars weakens.
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Why It’s Hard to Predict What the Economy Will Look Like in 2023
The New York Times – Business:Years into the pandemic, it is still difficult to get a handle on what comes next for the economy by looking at examples from the past.
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Inflation Forecasts Were Wrong Last Year. Should We Believe Them Now?
The New York Times – Business:Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.
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How Will China Turn Its Economy Back On? The World Is About to Find Out.
The New York Times – Business:Strict “zero Covid” curbs have been smothering growth. After easing them, Beijing faces the twin challenges of rising caseloads and wary consumers.
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U.S. Gas Prices Are Now Lower Than a Year Ago
The New York Times – Business:A visible symbol of inflation for much of the year, prices at the pump have been driven down by reduced global demand and tumbling oil prices.
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State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
The New York Times – Business:Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
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Why Retailers Are Trying Extra Hard to Woo Holiday Shoppers
The New York Times – Business:With an economic slowdown a distinct possibility, stores hope customers’ willingness to open their wallets will last through the season.
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A Holiday Season Divided by Inflation and Economic Struggles
The New York Times – Business:Even if policymakers achieve a gentle economic slowdown, it won’t be smooth for everyone.
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Billions of Dollars at Stake in a Puzzling Holiday Shopping Season
The New York Times – Business:It promises to be unpredictable, with retailers and consumers still figuring out how much will be spent and on what kinds of goods.
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Thanksgiving and Inflation: The Cost of the Holiday This Year
The New York Times – Business:Holiday costs from groceries to travel are up, and consumers have been willing to pay them.