MarketWatch
US · 19 mins ago
✦ 78◉ Centre
‘Squeezing more life out of every dollar’: How inflation is forcing a new reality on American families and amplifying the economy’s ‘K shape’
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A Federal Reserve report documents how inflation is causing lower- and middle-income American households to reduce spending, widening economic inequality and deepening the 'K-shaped' recovery where wealthy and poorer households diverge.
‘Squeezing more life out of every dollar’: How inflation is forcing a new reality on American families and amplifying the economy’s ‘K shape’
Higher consumer prices are reining in spending among lower- and middle-income consumers, Fed’s beige book reports.
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