Families feeling pain of down economy
Newly released data shows the U.S. economy shrunk again, fueling recession fears. But some families are already feeling the pain- downturn or not.
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Inflation hits these products the most and these the least: EXPLAINER
Price hikes have battered the U.S. economy for months, straining household budgets and prompting an aggressive series of rate hikes from the Federal Reserve. In fact, Black and Latino people have been disproportionately affected by the set of goods hit hardest by inflation, in light of which goods those groups consume compared with their counterparts, according to a study released in June by the New York Federal Reserve. The latest government data shows that food prices have outpaced the overall inflation rate, rising nearly 11% year-over-year in July.
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Column - Deep U.S. curve inversion hastens the recession it predicts: McGeever
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Even though inflation might have just peaked, here are 4 reasons you still won’t be able to afford stuff, Goldman says
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