Fresh data offered more detail on how shoppers retrenched at the end of 2022.
Category: Inflation (Economics)
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Elon Musk Meets With House Speaker Kevin McCarthy
Elon Musk, the billionaire owner of Twitter, met with House Speaker Kevin McCarthy, stoking speculation about what the two had discussed.
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U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.
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Chipotle Plans to Hire 15,000 People Ahead of ‘Burrito Season’
The restaurant chain is pitching for more workers as it aims to double the number of outlets in North America.
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Walmart Raises Starting Wages for Store Workers
The retail giant said the minimum wages for those employees would range from $14 to $19 an hour, up from $12 to $18 an hour.
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Inflation Is Cooling, Leaving America Asking: What Comes Next?
After six months of declines, inflation seems to be turning a corner. But the road back to normal is an uncertain one.
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Fed Rate Increases Have ‘A Ways to Go,’ Top Official Says
John C. Williams, the president of the Federal Reserve Bank of New York, said central bankers must “keep moving” in their inflation fight.
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How Young People Are Saving Money in a Challenging Economy
Young people want to save for their futures, but balancing priorities has proved challenging during a time of economic instability.
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As Fed Nears Next Rate Decision, Its Vice Chair Cites Reasons for Hope
Lael Brainard, the vice chair of the Federal Reserve, emphasized that non-wage causes have driven inflation in a sweeping speech.
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Retail Sales Fell in December as Holiday Shoppers Held Back
Weaker-than-expected results, including at popular holiday shopping destinations like electronics outlets and department stores, showed how concerns about inflation are affecting consumers.
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U.K. Inflation Slows but Remains Stubbornly High
Consumer prices rose 10.5 percent in December, the second consecutive monthly decline, thanks to easing gasoline and clothing prices.