Overall, while rising inflation and interest rates can put pressure on consumer spending, other factors such as consumer confidence, supply chain disruptions, shifts in spending patterns, and sector-specific factors can contribute to a jump in retail sales.

Citing the so-called “22.4 classification” in the UPS-Teamster contract, the company has sent an unspecified number of junior drivers packing.

The amount spent on natural gas rose in every state in 2021, nearly doubling in Oklahoma and Texas.

Super Bowl advertisements are some of the most highly watched and anticipated commercials of the year, and companies aim to make a lasting impression on the millions of viewers tuning in.

The National Retail Federation (NRF) Chief Economist is citing easing inflation as a reason to forecast growth in 2023.

It’s a strange conundrum, indeed. Economists are scratching their heads at a 3.4% unemployment rate while the rest of the economy teeters on the edge.

While you may be balking at the price tag on eggs at the grocery store, wholesale prices are dipping drastically.

The worst poll results since 2009, most Americans are feeling “worse off” now than they were last year - an even greater number, 61%, of those who make less than $40,000 are financially stressed.

Federal Reserve Chair Jerome Powell claims that the strong job market has made The Federal Reserve’s efforts to stifle inflation difficult, even after many rounds of interest rate hikes.

The highly pathogenic avian influenza (HPAI) outbreak that has resulted in the death of over 58 million birds will force egg prices to remain elevated, according to Wells Fargo’s Agri-Food Institute sector manager, Kevin Bergquist.

After years of insurance premium hikes, carriers may see some light at the end of the tunnel in 2023.

The GOP is pushing back, stating that rampant inflation and prices of household staples like gasoline and groceries are crippling the country.

Electric vehicles are often more expensive than their internal combustion engine counterparts, making them less accessible to the average consumer.

What does this mean for you?

When small businesses are significantly impacted by burdensome regulations, they may organize and advocate for change.

For the second week in a row, the Department of Energy’s Energy Information Administration (EIA) has reported there was an increase in the national average price per gallon of diesel gasoline.

According to The Conference Board Consumer Confidence Index, the drop accounted for two points - standing at 107.1, as opposed to 109.0 in December.

While California and New York lost hundreds of thousands of residents, Florida, North Carolina, South Carolina, and Texas were mass gainers. Some speculate that the migration is due to lower taxes and also reference the strong job market and “bounce-back” post-pandemic.

The retailer has placed the blame on capacity constraints at U.S. distribution centers, citing that the company’s ending inventory had increased 58% year over year.

At the close of 2022, consulting firm Anderson Economic Group (AEG) concluded that internal combustion fuel-powered vehicles were the cheaper option for consumers - as opposed to electric vehicles.