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Tag: us economy

American consumers are pushing back against high inflation — and they are winning

Posted on February 25, 2024 By admin
American consumers are pushing back against high inflation — and they are winning

Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount…

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Fed’s preferred gauge shows U.S. price pressures still persistent

Posted on October 28, 2023 By admin
Fed’s preferred gauge shows U.S. price pressures still persistent

The U.S. Federal Reserve is widely expected to keep its key short-term interest rate unchanged when it meets next week. File | Photo Credit: Reuters An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Friday’s report from the…

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