Inflation

Can the United States avoid a recession?  As inflation subsides, optimism increases

Can the United States avoid a recession? As inflation subsides, optimism increases

WASHINGTON (AP) — For months, the outlook for the US economy has been mostly bleak: Inflation is at a four-decade high.weak consumer spending, High interest rates. Most economists are starting the 2023 recession. Economic downturn is still possible. However, in recent weeks, with signs of inflation becoming more widespread, a more euphoric view has gained …

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More Gen Z shoppers are patronizing Goodwill, but donations are dropping

More Gen Z shoppers are patronizing Goodwill, but donations are dropping

As President and CEO of Goodwill Industries of Greater New York and Northern New Jersey, Katy Gaul-Stigge sees economic trends from a unique vantage point. And the scene isn’t particularly pretty right now: Shopping trends and giveaways at 23-store, second-hand chain stores suggest consumers are clutching their wallets tightly and looking for cheaper clothing and …

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Why does good news about the economy look bad for the Fed?

Why does good news about the economy look bad for the Fed?

Many analysts and forecasters predict that the recession will hit next year. Yet, month after month, data is piling up showing strong, albeit slow, job growth, low unemployment, and an expanding economy. “There is no recession in the US economy until consumer spending slows and businesses respond with cost-control measures, and that includes some layoffs,” …

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Democrats dare to sound optimistic about the economy

Democrats dare to sound optimistic about the economy

Democrats are beginning to feel complacent about the direction of the economy, with a five-month downtrend in prices and softer action on interest rates, suggesting a possible change in fortunes. “I think we’re in a better moment, I think we’re in a better moment,” Sen. John Tester (D-Mont.), who sits on the Banking and Housing …

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Investors hope the economic tide is turning.  The wait may end soon  CNN Business

Investors hope the economic tide is turning. The wait may end soon CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register over here. You can listen to an audio version of the newsletter by clicking on the same link. CNN – It’s been a horrible year for the markets and investors are tired. Months of soaring …

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Trapped between China and Russia, Mongolian Shepherds are feeling the pinch

Trapped between China and Russia, Mongolian Shepherds are feeling the pinch

Ulaanbaatar, Mongolia – Dulamsuren Demberel, a 58-year-old herder who lives an eight-hour drive from Mongolia’s capital, Ulaanbaatar, finds it hard every month to make the family budget work. Prices of flour and rice, among staples Mongolia’s herdsmen cannot produce themselves, have soared because of the war in Ukraine, with overall inflation running at 14.5 percent. …

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Here's the inflation breakdown for November 2022 - in one chart

Here’s the inflation breakdown for November 2022 – in one chart

Shoppers in Troy, Michigan on November 25, 2022. Matthew Hatcher/Bloomberg via Getty Images Inflation was less than expected in November amid a broad-based slowdown in consumer prices, which rose at their fastest rate in decades. The US Bureau of Labor Statistics said Tuesday that the consumer price index, a key measure of inflation, jumped 7.1% …

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