Shoppers faced higher interest rates, elevated inflation and worries about economic slowdown late last year
In 2021, officials thought high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains factors that have kept inflation up longer than expected. Illustration: Jacob ReynoldsU.S. consumers cut back on retail spending at the height of the holiday season as
Because we are running out of money?
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Patrocinado Why a global recession is inevitable in 2023 | The Economist Develop an informed understanding about topics that matter to you. Enjoy our analysis of the topics that matter most to you. Thought-provoking content.
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