Shoppers Feel the Squeeze at the Checkout

Shoppers Feel the Squeeze

Inflation may have cooled from its pandemic peak, but American grocery shoppers are still feeling the strain. Prices for everyday essentials — cereal, yogurt, sliced turkey and more — continue to climb, forcing many consumers to cut back, trade down, or skip items altogether. “It’s perturbing and upsetting,” said Mark Bookbinder, a 68-year-old engineer from … Read more

Fed Beige Book: Flat Growth, Rising Uncertainty Define U.S. Economy

Fed Beige Book

The Federal Reserve’s Beige Book, released Wednesday (Oct. 15), paints a cautious portrait of the U.S. economy: one that is stable but stagnant. Across its 12 regional districts, economic activity was mostly unchanged, reflecting a mix of modest expansion, flat performance, and slight decline. The 56-page report uses the word “uncertainty” 40 times, underscoring the … Read more