Personal spending declined on an inflation-adjusted basis in May as spikes in gasoline and food prices depressed consumer sentiment and dampened spending on other discretionary items. … READ MORE >
inflation
Senior housing, investors’ ‘golden-aged’ goose, gives way to multigenerational living
For the better part of the past decade, investors have flocked to senior living, long viewed as the golden goose for sure-bet growth as the baby boomer generation aged. More recently, however, due in large part to pandemic-related challenges including health safety considerations and staffing shortages, the gold has lost its luster. Other options for senior living, including multigenerational housing, are gaining in popularity; along with them come market opportunities for savvy industry participants. … READ MORE >
Fuel oil prices reach a tipping point
Rising fuel costs have reached a tipping point, forcing many households to reduce their spending on necessities and threatening to slow the overall pace of consumption. … READ MORE >
Law firms are feeling pressure despite steady growth in demand and rates
Despite steady growth in demand for law services and lawyer billing rates in the first quarter of 2022, labor market challenges and inflationary pressures threaten profitability. … READ MORE >
Travel industry, expecting busy summer, casts wary eye on inflation
This summer was supposed to be the season of revenge travel. But that was before a new risk emerged: stubborn, elevated inflation. … READ MORE >
Fed announces largest rate hike in nearly three decades as it seeks to restore price stability
The Federal Reserve lifted its federal funds policy rate to a range between 1.5% and 1.75% on Wednesday as it moves to restore price stability over the medium term. … READ MORE >
U.S. retail sales fall as inflation takes a toll
Retail sales dropped by 0.3% in May, a decline from a downwardly revised 0.7% increase in April, the U.S. Census Bureau reported on Wednesday. … READ MORE >
Chart of the day: U.S. producer inflation remained elevated
The report adds pressure on the Federal Reserve, which is considering more aggressive measures to tame inflation. … READ MORE >
U.S. May CPI: Inflation continues to broaden out on higher gas and housing costs
Inflation continued to broaden out across the American economy in May, rising by 8.6% annually and underscoring the urgency among central bankers to restore price stability. … READ MORE >
Inflation and gross margins—who is winning? Part 1: The transportation sector
RSM took a detailed look at gross margins across different peer groups in the industrials sector to see how each has fared during this time of high inflation. … READ MORE >