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[CNBC, Getty Images] Walmart Chief Financial Officer Brett Biggs said the retailer’s own research shows consumers are paying attention to prices, even if they aren’t trading down to cheaper brands or buying smaller packs. The big-box retailer said it has the same number of “rollbacks,” or temporary price reductions as […]
[The New York Times] The move is a blow to the Mexican state of Michoacán, which exports roughly $3 billion worth of the fruit annually. Whether smeared on toast, added to a salad or topping a burrito, the avocado has become a staple in the diets of many Americans. But […]
[Yahoo! Finance] Food prices drove much of the inflation rise in January, according to the latest data from the Bureau of Labor Statistics. And there’s no relief is in sight for consumers struggling with sky-high food expenses, says one strategist. “Part of the problem beyond the cost of raw materials […]
[Yahoo! Finance] Inflation? Oh yeah, I’m old enough to remember. As I’m sure you saw, inflation numbers came out red-hot on Thursday, with prices for the month of January rising at an annualized rate of 7.5%, the highest since February 1982. “This is a big shock to me,” says Jian Yang, professor […]
[CNN Business] Past may not be prologue for financial markets as the global economy continues to reel from the pandemic. But a traditional recession signal is still catching Wall Street’s attention. What’s happening: The US government bond market sold off on Thursday alongside stocks following the news that inflation reached 7.5% […]
[GO Banking Rates, Shutterstock] The 2021 housing market gave prospective buyers a wild ride. Shortages of materials and labor made inventory scarce, while rock bottom interest rates boosted demand, creating a perfect storm of bidding wars and inflated home values. Things are expected to calm down in 2022. So if […]
[Yahoo! Finance] As concerns around inflation soar, American consumers’ outlook on the trajectory of the U.S. economy has deteriorated, worrying some experts that negative attitudes could dampen expenditure and put a dent in economic growth. The University of Michigan’s closely-watched consumer sentiment index fell to 61.7 in early February, hitting the […]
[CNBC, Getty Images] Even though the Federal Reserve is about to embark on an inflation-fighting strategy, the impact won’t be felt for months or longer. Monetary policy works with a lag, which means it takes time for rate moves to circulate through the economy. The Fed has no direct way […]
[Fox Business] The McRib and Crispy Chicken Sandwich helped lure in customers Karns Foods CEO Scott Karns discusses the benefits of selling and purchasing private label products. McDonald’s says inflationary pressures will stick around in 2022 after profits and sales fell short of estimates. MCD MCDONALD’S CORP. 249.26 -0.41 -0.16% In the […]
[MarketWatch] Goldman Sachs says the bull market will continue. Critical information for the trading day Markets have reeled since the Federal Reserve announced, through the release of the December minutes, that the central bank would like to take a big whack at its $9 trillion balance sheet rather than keep […]