Unemployment Benefits

End of Taylor Swift-Barbenheimer Services Boom Will Please Fed

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End of Taylor Swift-Barbenheimer Services Boom Will Please Fed

For much of the past two years, the US economy’s extraordinary resilience has revolved around demand for services. That’s been a zombie narrative that’s refused to die a tidy death — perhaps until now. Despite a cooling in some services spending in early 2023, the category caught a second wind thanks, in part, to Taylor … Read more

US Consumer Spending, Inflation Slow in Sign of Cooling Economy

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US Consumer Spending, Inflation Slow in Sign of Cooling Economy

US consumer spending, inflation and the labor market all cooled in recent weeks, adding to evidence that the economy is slowing. Inflation-adjusted personal spending rose 0.2% last month after a downwardly revised 0.3% advance in September, according to the Bureau of Economic Analysis. Separate data Thursday showed recurring applications for unemployment benefits rose to the … Read more