Income and spending rose less than prices in May.
Consumer spending, adjusted for inflation, fell for the first time this year.
The Fed’s Preferred Inflation Gauge Moderated Slightly in May.
The Personal Consumption Expenditure index, which the central bank officially targets, has been running hot for more than a year.
To Save Its Honey Industry, Australia Is Killing Bees by the Millions
Australia is the only major honey-producing country that has so far managed to contain the spread of a mite fatal to bees. That distinction is now in peril.
Income and Spending Rose Less than Prices in May.
Consumer spending, adjusted for inflation, fell for the first time this year.
Missing From Biden’s Europe Trip: An Endgame for War and Cheaper Gasoline
The G7 and NATO meetings this week underscored the pressure on Western leaders caused by soaring energy costs resulting from Russia’s invasion of Ukraine.
Reconsidering Privacy Risks After Roe
Many women are worried that their data might be used against them — whether it’s period tracking apps, digital receipts or other information collected by companies.
As OPEC Plus Nears a Milestone, Focus Shifts to Russia and the U.S.
The group confirmed its decision to restore production to about 44 million barrels a day. But difficult questions remain about its relationships with Russia and the United States.
As OPEC Plus Nears a Milestone, Focus Shifts to Russia and the U.S.
The group is expected to restore its production target to prepandemic levels. But whether that goal is attained is another matter.
Pessimism about the economy is growing, a U.S. poll shows.
Roughly half of those surveyed say they are worse off financially than a year ago, and most disapprove of President Biden’s handling of inflation.
Where an Army Paycheck Is an Easy Target
An entire financial ecosystem surrounds the nation’s military installations. It’s a perilous landscape for young soldiers with little financial experience.