Food Insecurity Surges as Lower-Income Americans Struggle With High Living Costs
Food insecurity is rising sharply among many Americans, especially lower-income households, families with young children, and people with less education, according to new research from the Federal Reserve Bank of New York. Fed economists described the increase as “remarkable,” warning that food-related hardship may help explain why consumer sentiment remains weak even though broader economic […]
U.S. Consumer Confidence Slips as Inflation and Gas Prices Weigh on Households
U.S. consumer confidence weakened slightly in May as Americans grew more worried about inflation, especially price pressures linked to the war with Iran and higher energy costs. Seemingly, the Conference Board’s consumer confidence index slipped to 93.1 in May, down from an upwardly revised 93.8 in April. Economists had expected a deeper drop to 92.0, […]
Texas Barbecue Icons Fight to Survive as Beef Prices Turn Brisket Into a Luxury
Texas barbecue, one of the state’s most famous culinary traditions, is facing a serious economic crisis as meat prices surge and restaurant owners struggle to keep their doors open. Rising beef costs, especially for brisket, have forced some beloved barbecue spots to close and left even highly rated restaurants operating in “survival mode.” Brisket, long […]
JPMorgan Warns U.S. Economy May Lose Its “Goldilocks” Moment as Oil Fuels Inflation
JPMorgan economists are warning that the U.S. and global economy may be moving away from the best-case “Goldilocks” scenario investors had hoped for in 2026. That scenario — where inflation cools while growth remains strong — now looks increasingly unlikely. The bank says the Iran war and the related surge in oil prices are likely […]
China, inflation could pop Japan PM’s bubble
Charming Donald Trump one week, angering China the next, Japan’s Prime Minister Sanae Takaichi has had a busy start and is riding high in the polls, all on a few hours of sleep a night. But the honeymoon may end soon for the Margaret Thatcher-admiring premier, if the current spat with China escalates further and […]
