Walmart, Target and TJ Maxx reported increases in sales, but shoppers are seeking out low-price items and cutting back in some categories, a potentially worrying sign for the U.S. economy.
Category: Inflation (Economics)
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Retailers Say Squeezed Shoppers Are Focused on Deals
The New York Times – Business: -
Walmart, Target and TJ Maxx Attract Shoppers Squeezed by Energy Prices
The New York Times – Business:The retailers reported increases in sales, even as higher fuel costs drove up the cost of everyday goods.
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British Politics Is Obsessing Over the Bond Market. Here’s Why.
The New York Times – Business:Britain is facing another round of turmoil in government leadership, jolting debt investors who were already on high alert over inflation.
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Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting
The New York Times – Business:A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
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Is the Bond Market Signaling Danger? Or Opportunity?
The New York Times – Business:Interest rates for long-term Treasury bonds have surged to levels last seen in 2007, before the great financial crisis.
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Worried About War’s Impact, Bond Investors Push Rates to Highest Level Since 2007
The New York Times – Business:The 30-year U.S. Treasury yield hasn’t been this high since the lead up to the global financial crisis. Across Europe and Asia, yields are also elevated.
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Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92
The New York Times – Business:He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment.
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For Trump, Soaring Prices Test Voters’ Finances and Patience
The New York Times – Business:Just months before another election that may hinge on the economy, the war in Iran has sent gas and other goods soaring.