💸 Crippling inflation seems to be losing steam.
For the sixth consecutive month, the rate of inflation dipped slightly. Reaching a peak of 9% over the summer, the December reports came in at 6.5%. Joe Brusuelas, the chief economist at tax consultants RSM, is signaling that this could be the nearing of the end of one of the worst bouts of inflation rearing ever seen in the American economy.
The job market has been cooling off and inflation seems to be on the decline, signaling that the Federal Reserve may be less inclined to raise interest rates again and again, mirroring the increases of 2022.
In a 2022 shopping survey conducted by Supply Chain Brain of 3,138 U.S. adults, 50% said that they did not begin holiday shopping until November.
While this is the second week in a row with a very incremental change, many say it’s still better than going up.
According to the U.S. Labor Department, the employment cost index grew by 1.2% from July through September.
UPS Ground, Air, and International services will launch the rate hike beginning on December 27th.
While predictions are that the recession will be “mild”, Former US Treasury Secretary Larry Summers is echoing what many have been stating: a recession is coming, and the public should be prepared.
Used cars are officially unaffordable for most Americans. Interest rate bumps have forced a number of potential car shoppers to reconsider buying, even what has previously been the most ‘reasonable’ option.
Unemployment remains at a 50-year low, but the signs of an impending recession are growing clearer by the day.
They might be right. FedEx’s sales forecast was full of cost-cutting measures after Q1 profits showed poor performance.
‘Shrinkflation’ is a fun little term to describe what we suspected was true… yes, that container of ice cream did get smaller.
The price of meat has gone through the roof, and Walmart is hoping to ease that inflationary pain of its customers.
Americans have been struggling with rising gas prices since early this year, but finally, they’ve seen the smallest bit of relief.
For the week of August 8th, the Department of Energy’s Energy Information Administration (EIA) recorded a national diesel average cost per gallon of $4.993.
While the 2,702-page, trillion-dollar infrastructure bill is quite the feat for the Biden Administration, it seems that it is one of the main catalysts in the highest inflation rate America has seen in 40 years.
Fears of a recession continue to grow as the US economy shrinks for the 2nd quarter of the year, contracting at a 0.9% annual pace.
Don’t leave the lights on when you leave the room - rising energy costs are causing warehouse managers to reevaluate focus on operational tools such as forklifts and batteries, hoping to reduce expenses.
Inflation in the United States has reached its lowest point since early 2021, providing some relief to households after two years of high prices.