Consumers curb inflation as shoppers hunt for bargains
Economists say the 3 year inflation spike is largely over as American consumers seek cheaper goods and services. Firms from Amazon to Yum Brands report slower price increases and some price cuts as supply chains heal and interest rates bite. Analysts warn spending remains essential to the economy, but buyers are more selective and expect continued moderation in inflation.
MENTIONED IN THIS ARTICLE
Washington
America
Amazon
Disney
Yum
Tom Barkin
Federal Reserve Bank of Richmond
Federal Reserve
Biden- Harris
Federal Reserve Bank of New York
New York Fed
Fed
Andrew Jassy
David Gibbs
Yum Brands
Taco Bell
KFC
Pizza Hut
Gibbs
Barkin
Virginia
West Virginia
Maryland
North
South Carolina
Jared Bernstein
Biden
Council of Economic Advisers
Bernstein
COVID
U.S
Budget deficit tops 1.5 trillion as fiscal year nears end
The U.S. budget gap reached 1.52 trillion for the first 10 months of the year, down 6 percent from last year as higher receipts and tax-deferment amid disaster zones helped narrow the shortfall. July deficit totaled 244 billion, 16 percent below July 2023, while debt service rose 32 percent to 956 billion. The Fed's rate hikes pushed borrowing costs higher, with debt yields near a decade high.
MENTIONED IN THIS ARTICLE
U.S
Treasury Department
California
Federal Reserve
Hospitals fail to treat ectopic pregnancy under federal law
A Texas woman, Kyleigh Thurman, asked for emergency care for an ectopic pregnancy but was sent home with a miscarriage pamphlet. She returned in worse condition and was given only an injection that proved too late, sparking a federal complaint led by the Center for Reproductive Rights. The issue follows Biden administration warnings and race to balance federal protections with Texas abortion bans, with multiple cases of delayed or denied care across several states.
MENTIONED IN THIS ARTICLE
Washington
Kyleigh Thurman
Ascension Seton Williamson
Texas
Thurman
Center For Reproductive Rights
Biden
Supreme Court
Associated Press
Florida
Arkansas
California
White House
Marc Hearron
Kate Arnold
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Dormity
Target
Sheridan
Colo
Kylelyn Thurman
Burnet County