Slower Growth

Inflation

EXPLAINER: Mixed US inflation signs. Where are prices going? – Associated Press

Consumers struggling with skyrocketing prices for food, gas, autos and rent got a tantalizing hint of relief last month, when prices didn’t budge at all from June after 25 straight months of increases. With gas prices continuing to fall, inflation is probably slowing further this month. So has the worst bout of inflation in four

Business

Stocks fall sharply as Target’s woes renew inflation fears

Photo: Trader Patrick King works the floor at the New York Stock Exchange The Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday, as big earnings misses by Target and other major retailers stoked investors’ fears that surging inflation could cut deeply

Economy

Drop in US GDP challenges Biden’s pitch to voters

President Joe Biden’s upbeat message that the economy is cruising along hit a troublesome speed bump on Thursday when the federal government reported that U.S. gross domestic product shrank during the first three months of 2022. Economic activity declined at annual rate of 1.4%, a sharp reversal from last year when growth was the strongest

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