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A customer shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty Images The scariest thing haunting Halloween this year isn’t a ghost, goblin or ghoul — it’s the price of chocolate. From Snickers to Reese’s to Twix, one of America’s favorite indulgences is getting more […]
The Federal Reserve’s preferred inflation gauge remained stubbornly high in August – but not enough to dash hopes for an interest rate cut at next month’s meeting. Personal consumption expenditures inflation rose 2.7% in August over the past 12 months, heating up from 2.6% in July as expected, the Bureau of Economic Analysis said Friday. […]
Wholesale prices rose at a much hotter-than-expected pace in July — throwing a possible wrench into Wall Street’s growing hopes for a rate cut next month. The Producer Price Index, which measures final demand goods and services prices, jumped 0.9% in July – its biggest monthly gain since June 2022, the Bureau of Labor Statistics […]
Federal Reserve Vice Chair for Supervision Michelle Bowman said Monday she would support cutting interest rates as soon as next month, arguing that the inflationary impact of President Donald Trump’s trade war has been smaller than feared and that the US labor market is showing signs of weakness. Her comments align with those of fellow […]
US inflation slowed more than expected in March, according to the first month of consumer price data to account for the impact of President Trump’s sweeping tariff wars. The Consumer Price Index rose 2.4% over the past 12 months through March, below expectations of a 2.6% rise and beneath last month’s 2.8% figure, the Bureau […]
US consumer spending for Easter is expected to rise about 5% this year as Americans snap up candy and gifts to celebrate despite concerns around high inflation and economic uncertainty, a National Retail Federation report showed on Tuesday. Shoppers are expected to spend around $23.6 billion this year, compared with $22.4 billion estimated last year, the trade body’s survey showed, with discount stores once again poised to […]
Jerome H. Powell, the chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, despite the economy so far remaining in a “good place.” “While uncertainty remains elevated, it is now becoming clear that […]
Shoppers cast shadows as they carry their bags along the waterfront in Portland, Maine, U.S, December 26, 2024. Kevin Lamarque | Reuters It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy […]
Egg prices continued their upward climb in February despite some easing in overall inflation, further straining consumers seeking relief from rising prices in the grocery aisles. Data from the Bureau of Labor Statistics released on Wednesday showed that egg prices rose 10.4 percent from the previous month, to nearly $5.90 for a dozen large Grade […]
Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices. Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and market-based measures of investors’ expectations, […]
