The U.S. economy experienced slower growth in the second quarter of 2023, with the gross domestic product (GDP) rising at a rate of 2.1%, falling short of the Federal Reserve's initial prediction of 2.4%.
High gas prices are being driven by a number of factors, including OPEC's decision to cut production and extreme heat that has disrupted refinery operations.
For small, local business owners, just as inflation calms in one area of operations, it rears its head somewhere else. Here's how experts say to deal with it.
The PCE Price Index is hotter than expected and may lead to another FOMC rate hike, increased economic pressure, and the hard-landing it's trying to avoid.
On a recent podcast, Bank of England's chief economist, Huw Pill, said that Brits need to stop asking for pay raises, which is driving inflation higher.
Discounts and rewards form the backbone of loyalty programs. But the future has more in store for companies that are willing to go beyond what exists today.
Although inflation has shown signs of cooling, it's still at all-time highs in some of America's biggest cities such as Philadelphia, PA and Houston, TX.
For many proprietors, variable-rate small-business loans are a common part of business. Yet, their borrowing costs are set to skyrocket to double digits this year due to Fed rate hikes. Small and medium-sized business owners can't fight the Fed, but there are a few other things they can do to save — and even grow — their businesses.