Consumer prices in February pointed toward a stubbornly hot economy, with shelter and gasoline costs keeping temperatures rising above the Federal Reserve’s 2% inflation target. […]
Tag: economy
Resilient Consumers Push Retail Sales Up 0.6% in February
Americans significantly increased their spending on cars, electronics, and dining out last month, showing resilience even as a clearer picture emerged of how much they […]
The Environmental Cost of Subscription Boxes
More Americans are turning to subscriptions to serve a variety of needs, from clothing to meals to cat litter. Subscription e-commerce sales totaled nearly $33.5 billion in 2022, a 15% increase over the previous year, according to Insider Intelligence, which predicted it would keep growing at a similar rate for the next two years. But subscription services, with the exception of meal kits, can have an environmental dark side: overconsumption and excessive returns.
Americans’ Personal Income Rose Significantly in January
Americans’ income rose sharply in January, driven by social security and dividend payments, in the latest sign that American households remain financially healthy. The value […]
U.S. home prices continue to rise amid affordability crisis
Home prices rose to a record high in December, showing sustained demand even as higher interest rates make buying a home more expensive. At the […]
U.S. Trade Deficit Shrinks Dramatically Last Year
The U.S. trade deficit plunged last year to its lowest level since 2019, reflecting both a healthy domestic economy and falling reliance on foreign countries […]
Wages increased for restaurant and hotel staff post-pandemic
The cost of living has risen for leisure and hospitality workers while a hot labor market has spurred salary growth for low-paid workers – but […]
Retirements in public sector may be effecting economy’s strength
Juanita Waters wasn’t ready to quit working. But the United States Postal Inspection Service, where she worked for nearly 25 years, had a mandatory age cap in place. So, in March, she retired from the agency and left for a job in the private sector as an investigator for TD Bank.
Consumer Prices Rise Again to 8.5% as Inflation Hits New 40-Year High
U.S. inflation soared to a 40-year high last month as geopolitical tensions drove up energy prices and supply chain hurdles compounded price pressures driven by […]
Five things to watch for in March’s durable goods report
The US Commerce Department will publish its March durable goods advanced report Tuesday at 8:30 a.m. EST. Economists are spread wide on what they expect […]