Economics

Economics

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U.S. economy losing momentum as retail sales post biggest drop in 12 months
U.S. economy losing momentum as retail sales post biggest drop in 12 months
U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023.
·reuters.com·
U.S. economy losing momentum as retail sales post biggest drop in 12 months
The Real State of Family Wealth
The Real State of Family Wealth
View real (i.e., inflation-adjusted), average net worth by race/ethnicity, age and education using the Fed's Distributional Financial Accounts.
·stlouisfed.org·
The Real State of Family Wealth
Soaring US egg prices put pressure on consumers, businesses
Soaring US egg prices put pressure on consumers, businesses
OMAHA, Neb. (AP) — Chickens may not be able to fly very far, but the price of eggs is soaring. A lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to U.S. egg prices more than doubling over the past year, and hatched a lot of sticker shock on grocery aisles.
·apnews.com·
Soaring US egg prices put pressure on consumers, businesses