If this were a normal week, we’d be talking about the Friday jobs report, the state of the economy, and the possibility that the Federal Reserve won’t lower interest rates again in December, especially in light of Chair Jerome Powell’s comments last week. But it’s not a normal week. The government has officially been shut…Read more
Spending Slowdown Lower-income households have been hit harder by the high price environment of the past years. While wealthier households had the opportunity to downshift to cheaper grocery stores or store brand products, for example, those with less income may not have had that opportunity. Economists have characterized the economy as “bifurcated” or “two-speed” to…Read more
