A large majority of Americans say their incomes aren't keeping pace with inflation. Here's what the numbers say.
The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with a red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years.
Poll after poll finds that inflation is a top worry for Americans. So the administration should be worried that it's ticking back up.
U.S. consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record high as businesses front-loaded imports to avoid tariffs, setting up the economy for weak growth or even a contraction this quarter.
US stocks rise after Fed's favorite inflation gauge matches forecasts. But lurking tariff and geopolitical risks keep indexes in the red this month.
Yes, inflation has hammered households since 2021 and it has been horrific. The CPI ended January 23.4% above December 2019, and that understates many shoppers’ experience — including yours, probably. It’s also true that the end of a military war doesn’t mean the destruction is somehow reversed.
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