US Inflation Reaches Lowest Level Since 2021, Offering Relief to Households Amidst Easing Prices
Inflation in the United States has reached its lowest point since early 2021, providing some relief to households after two years of high prices.
Dear Federal Reserve… please be gentle!
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.
An “early holiday rush” was almost nonexistent this year
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.
Great news: the national diesel average has dropped 2.4 cents
While this is the second week in a row with a very incremental change, many say it’s still better than going up.
The Federal Reserve is likely to see rising employment costs as the go-ahead for another interest rate increase
According to the U.S. Labor Department, the employment cost index grew by 1.2% from July through September.
UPS is upping its rate to match its number one competitor, FedEx
UPS Ground, Air, and International services will launch the rate hike beginning on December 27th.
Potential recession to land next summer, says former treasury secretary
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.
Diesel prices soar after 5 weeks of declines
All good things must come to an end, it seems.
Even used cars are making potential buyers think twice, now
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.
Is the U.S. in a recession? Depends who you ask
Unemployment remains at a 50-year low, but the signs of an impending recession are growing clearer by the day.
FedEx leadership warns of plummeting global shipping demand
They might be right. FedEx’s sales forecast was full of cost-cutting measures after Q1 profits showed poor performance.
‘Shrinkflation’ might be useful… if you look hard enough
‘Shrinkflation’ is a fun little term to describe what we suspected was true… yes, that container of ice cream did get smaller.
Beef processing plant joins forces with retailer Walmart
The price of meat has gone through the roof, and Walmart is hoping to ease that inflationary pain of its customers.
National average cost of gasoline sits at $3.99, lowest since March
Americans have been struggling with rising gas prices since early this year, but finally, they’ve seen the smallest bit of relief.
National diesel average declines, providing slightly more relief at the pump
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.
The Infrastructure Bill may have passed, but at what inflationary cost?
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.
US economy shrinks for 2nd quarter, inflating recession fears
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.
Warehouse managers are looking to cut energy costs amid inflation
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.
“Shrinkflation” is in full effect
Your eyes do not deceive you - packaging is growing smaller.