Inflation raises US household spending to $433 a month

< div itemprop=”articleBody”> American households are still shelling out huge amounts of extra money for the same products as last year as inflation hits the nation. Shoppers on average are spending $433 more per month than in 2021, despite purchasing the same goods and services. While the numbers are down slightly from September’s monthly figure … Read more

Inflation raises US household spending to $433 a month

< div itemprop=”articleBody”> American households are still shelling out huge amounts of extra money for the same products as last year as inflation hits the nation. Shoppers on average are spending $433 more per month than in 2021, despite purchasing the same goods and services. While the numbers are down slightly from September’s monthly figure … Read more

Inflation is coming down. Here’s what that means for annual pay raises

Fizkes | Stocks | Getty Images Inflation and annual pay are not in a one-to-one relationship. That became clear to many workers last year, when their annual increases in wages and salaries were nowhere near the four-decade highs for inflation. Many employees complained, even though pay was raised more than had been the norm for … Read more

Inflation hangs over bargain-hunting shoppers on Black Friday

NEW YORK (AP) – Shoppers have been looking for the best deals in stores and online as retailers have offered new Black Friday discounts to entice consumers eager to start shopping for holiday gifts but weighed down by inflation. Due to high prices for food, rent, gasoline, and other essentials, many people were reluctant to … Read more

EUR/USD falls above 1.0400 on calm market mood, Eurozone gas price structure in plain sight

The EUR/USD pair moved sideways above 1.0400 on less trading activity during Thanksgiving Day. The Federal Reserve is ready to abandon the 75 basis point rate hike measure to safeguard the economy from financial risks. The European Central Bank is set to tighten policy further to ease inflationary pressures. The EUR/USD pair is likely to … Read more

November 2022 Fed Minutes:

Federal Reserve officials earlier this month agreed that minor interest rate hikes should occur as soon as they assess the impact the policy is having on the economy, meeting minutes indicated Wednesday. Reflecting statements made by multiple officials in recent weeks, the summary of the meeting indicated small rate hikes were on the way. Markets … Read more

EU plans war chest for subsidies as industry faces US ‘existential’ threat – POLITICO

Press play to listen to this article Voiced by artificial intelligence. The EU is in emergency mode and preparing a big boost in subsidies to prevent European industry from being wiped out by American rivals, two senior EU officials told POLITICO. Europe is facing a double blow from the U.S. If it weren’t enough that … Read more

Will the stock market crash in 2023? 7 risk factors | Invest

Through Nov. 21, the S&P 500 is already down 17.1% — including dividends — in 2022. Even so, while the stock market has certainly underperformed this year, the pullback in the S&P 500 is nowhere near the index’s 34% plunge in March 2020 or its 50% plunge in the Great Recession of 2008-2009. That’s the … Read more

Everyone from the vet to the barber drives up the prices. And there is no relief in sight

Minneapolis CNN business — When Teri Byrd opened her 4 Paws veterinary clinic in Vashon, Washington four years ago, her goals were focused on growing the business. And it was successful, at first. But Covid has disrupted his business as it has many others. After the first pandemic closures, her business was helped by federal … Read more