One of the persistent storylines of the last six months or so is the clash between Americans feeling pessimistic about the economy, and the reality of the actual (booming) economy. But that tale may be about to enter a new chapter.
One of the persistent storylines of the last six months or so is the clash between Americans feeling pessimistic about the economy, and the reality of the actual economy. But that tale may be about to enter a new chapter.We're at a pivot point in this bad vibe era as the Federal Reserve moves to for-real put the brakes on the economywhich could cool off the era's signature hot labor market. Next week the Fed will likely hike rates by a half-percentage point.U.S.
"Consumers are increasingly feeling the pinch from high prices, of food, energy and rents, among other things," Rubeela Farooqi, chief U.S. Economist at High Frequency Economics told Axios in an email. "But they have managed to spend, supported by gains in incomes and savings."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
One dead, one seriously injured in Oceanway mobile home fireAn early morning fire at a mobile home in Oceanway has left one person dead and a second in serious condition at a local hospital.
Weiterlesen »
SoCal's biggest water supplier to limit outdoor irrigation to one day per week starting June 1Southern California's largest water provider to restrict outdoor watering to just one day per week starting June 1. The restriction is estimated to affect 6 million people in L.A., Ventura and San Bernardino counties.
Weiterlesen »
One in five reptile species threatened with extinctionTurtles and crocodiles are in dire straits.
Weiterlesen »
One Vital Mental Health Issue We're Neglecting, From A Therapist & ActivistHere, activist and therapist Melody Li, LMFT shares why it's crucial to examine and disrupt the current mental health care system so all people can access the healing services they need.
Weiterlesen »