Total spending from Nov. 1 through Dec. 24 rose 3.8 percent, data released by Mastercard SpendingPulse showed.
Category: Inflation (Economics)
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Egg Prices Jump Before Holidays as Bird Flu Spreads
Costs have soared again amid a bird flu outbreak, bringing renewed attention to the fact that while inflation is cooling, prices are still elevated.
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How a Government Shutdown Could Affect the Economy
A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.
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PCE Inflation, the Fed’s Preferred Measure, Sped Up in November
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.
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Washington and the Markets are Feeling the President-elect Effect
The President-elect takes office in a month, but his influence on policy is already being felt by investors and across Washington.
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Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty
Stubborn inflation, tax rises and high interest rates makes it difficult for many to muster optimism, at least in the short term.
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Where Does a ‘Remarkable’ U.S. Economy Go From Here?
America’s economy is far outstripping its peers, but there are serious risks, including from the president-elect.
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Global Central Banks Gird Themselves for Another Trump Term
Central bankers are alert to the risk that global trade tensions will make managing inflation more challenging.
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The Fed is making its final rate decision of the year.
Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next.
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How to Read the Fed’s ‘Dot Plot’ Projections Like a Pro
The Federal Reserve will release fresh economic estimates on Wednesday. Here’s how to read the outlook for 2025 and beyond.
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American Kitchens Face an Uncertain Mix: Olive Oil and Tariffs
Trump hasn’t said whether he’ll move against imported foods, but the effects on oil producers and consumers are already being debated.
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The Economy Is Finally Stable. Is That About to Change?
President-elect Donald J. Trump’s proposals on tariffs, immigration, taxes and deregulation may have far-reaching and contradictory effects, adding uncertainty to forecasts.