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Retailers Say Squeezed Shoppers Are Focused on Deals

By: Emmett Lindner β€”
Walmart, Target and TJ Maxx recently reported increases in sales, but shoppers are seeking out low-price items and cutting back in some categories, a potentially worrying sign for the U.S. economy.

Executives at Walmart, the nation’s largest retailer, see some signs of stress among shoppers.

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What to Watch at the Federal Reserve’s April Meeting

By: Colby Smith β€”
The U.S. central bank is widely expected to hold interest rates steady at what is scheduled to be Jerome H. Powell’s final meeting as chair.

Jerome H. Powell, the Federal Reserve chair.

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Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confirmation Hearing

By: Colby Smith， Tony Romm and Steven Rich β€”
Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve.

Kevin M. Warsh will be at a Senate hearing next week to consider him as the next chair of the Federal Reserve.

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CPI Shows US Inflation Sped Up in June as Trump’s Tariffs Pushed Up Prices

By: Colby Smith β€”
The Consumer Price Index rose 2.7 percent from a year earlier, as the global trade war started to bite.

Shoppers at a mall in Miami Beach, Fla.

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Rising Inflation Underscores Risks in Trump’s New Tariff Threats

By: Tony Romm and Colby Smith β€”
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.
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PCE Inflation, the Fed’s Preferred Measure, Sped Up in November

By: Jeanna Smialek β€”
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.

Consumers have been spending at a solid clip in recent months.

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U.S. Added 216,000 Jobs in December, Outpacing Forecasts

By: Talmon Joseph Smith β€”
Hiring has throttled back from 2021 and 2022, but last year’s growth was still impressive by longer-term standards.

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Even Most Biden Voters Don’t See a Thriving Economy

By: Lydia DePillis β€”
A majority of those who backed President Biden in 2020 say today’s economy is fair or poor, ordinarily a bad omen for incumbents seeking re-election.

Lawson Millwood and Mackenzie Kiser, who managed to buy a house this year, worried that affordability would only worsen if they waited because of rising interest rates and prices.

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Will Voters Send In the Clowns?

By: Paul Krugman β€”
Why would they think that a party that can’t manage itself can manage the economy?

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New York Is Rebounding for the Rich. Nearly Everyone Else Is Struggling.

By: Stefanos Chen β€”
The huge income gap between rich and poor in Manhattan is the latest sign that the economic recovery from the pandemic has been lopsided in New York City.

New Yorkers at the lower end of the income spectrum have seen their wages stagnate, and some are working excessively to keep up. Khadijah Bethea was working up to 70 hours a week for catering companies.

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