The Daily Money: When will prices for goods go down?

As inflation cools, some companies say they will stop or slow the rate of price increases.

Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Fri Apr 28 2023 We made it to Friday, Daily Money readers! It's Amanda Pérez Pintado with today's top headlines. Consumers have, so far, continued spending despite price hikes. But there's good news for shoppers. As inflation cools and consumers push back against higher prices, some companies say they will stop or slow the rate of price increases . Coca-Cola, for instance, expects to slow price increases this year, and Chipotle plans to pause price hikes.  And more companies could follow suit, according to Matt Kramer, national sector leader of consumer and retail for KPMG. Key inflation measure eases in March An inflation measure watched closely by the Federal Reserve cooled last month.  Consumer prices increased 4.2% in March from a year earlier, down from 5.1% in February, according to the Commerce Department.  A  measure of prices that excludes volatile food and energy items ticked up 0.3%, in line with the rise the previous month. 📰 More stories you shouldn't miss 📰 Employees were promised equal opportunity. Federal contractors are failing. Fed report: Fed failed to act forcefully to head off Silicon Valley Bank collapse and crisis The Container Store, Big Lots to accept Bed Bath & Beyond coupons for a limited time Stellantis plans to cut 3,500 hourly jobs, offer buyouts Health care workers can get free Chipotle to celebrate National Nurses Week 🍔 Today's Menu 🍔 Canned Wendy's chili: You can soon get Wendy's famous homestyle chili at the grocery store. Wendy's Chili with Beans will hit shelves with a suggested retail price of $4.99 per can. About The Daily Money  Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Ban of foam food containers, packing peanuts heads to Oregon governor The Oregon bill would phase out polystyrene foam dishware, packing peanuts and coolers. It would also ban PFAS in food packaging. READ MORE Advertisement Fed didn't act forcefully or rapidly to prevent SVB collapse, Fed report says Fed didn't move forcefully enough to prevent Silicon Valley Bank collapse, Fed report says. As SVB grew rapidly, Fed was slow to identify risks READ MORE Federal contractors made diversity pledges. Most of them are failing. Federal contractors who employ 1 in 5 Americans are required to give women and people of color opportunities to advance. Many do not, new data shows. READ MORE Lower food and energy prices slow inflation in March Inflation slowed again March, according to the Fed's preferred measure of price increases. But the PCE index showed core prices stayed high. READ MORE Amid rising prices for goods, consumers ask: When will it stop? As inflation begins to plateau, some companies say they will stop or slow the rate of price increases. READ MORE Chipotle to give away 'Burrito Care Packages' for health care workers Chipotle said 2,000 winners will get a "Burrito Care Package" to feed 50 people. READ MORE The Container Store, Big Lots to accept Bed Bath & Beyond coupons The Container Store and Big Lots will accept Bed Bath & Beyond coupons for a limited time after the retailer filed for bankruptcy protection. READ MORE Economy grew modestly in first quarter but a recession could be imminent Forecasters say a recession could begin as soon as the current quarter. High interest rates and inflation are starting to curtail growth. READ MORE Can Facebook's Meta continue revenue growth? Following three quarters in a row of year-over-year revenue declines, Meta's first-quarter revenue growth rate turned positive. READ MORE Disney v. DeSantis: The company sues claiming 'retaliatory' conduct In a lawsuit filed Wednesday, Disney says Florida Gov. Ron DeSantis orchestrated a 'targeted campaign of government retaliation' against the company. READ MORE Advertisement Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback

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The Daily Money: US economy grew at 1.1% rate in the first quarter, GDP report says

Forecasters say a recession could begin soon as high interest rates and inflation squeeze consumers.

Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Thu Apr 27 2023 We're over the hump, Daily Money readers! It's Amanda Pérez Pintado, back to bring you today's top headlines.  The U.S. economy lost some steam in the first months of 2023. Gross domestic product, a measure of the value of the goods and services produced in the nation, grew at a seasonally adjusted annual rate of 1.1% in the first quarter , the Commerce Department said on Thursday. That's lower than the GDP gains of 3.2% in the third quarter and 2.6% in the final three months of the year. Forecasters say a mild recession could begin soon as high interest rates and inflation squeeze consumers.  Weekly jobless claims Despite growing layoffs across industries, the number of Americans filing jobless claims declined last week, according to the Department of Labor. In the week ending April 22, a total of 230,000 Americans filed for unemployment insurance for the first time, down 16,000 from the previous week. The number of people applying for unemployment benefits is seen as a barometer for layoffs.  📰 More stories you shouldn't miss 📰  Immigrants are driving labor force growth, easing worker shortages and inflation Meta's revenue growth is back, but can it continue for the parent of Facebook, Instagram? More 'Golden Girls' than 'Friends': Can home sharing be the answer to America's housing affordability crisis?  Disney lawsuit accuses Florida Gov. Ron DeSantis of 'targeted campaign of government retaliation' 💻 Take Your Child to Work Day 💻 Today marks National Take Your Child to Work Day. The annual event serves as an opportunity for parents or guardians to give their children a glimpse into the workplace. Here's how to participate even if you work from home.  About The Daily Money  Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. How home sharing is helping solve housing affordability crisis The arrangement's popularity is fueled by rising rents and the increasing carrying costs of owning a home. READ MORE Advertisement How immigrants are easing worker shortages and inflation Immigrants are behind most of the growth in the U.S. labor force the past few years. The trend has helped ease worker shortages and slow inflation. READ MORE Despite growing layoffs, the number of jobless claims has declined Despite Amazon, Disney and other companies laying off workers, the number of jobless claims filed by American workers has declined. READ MORE Stellantis plans to cut 3,500 hourly US jobs, offer buyouts to 33K Job openings created by the departures at Jeep-parent Stellantis would be filled by workers on indefinite layoff, according to the UAW. READ MORE Economy grew modestly in first quarter but a recession could be imminent Forecasters say a recession could begin as soon as the current quarter. High interest rates and inflation are starting to curtail growth. READ MORE Is home sharing right for me? Dos and dont's of home sharing. The key to a successful home sharing arrangement is compatibility, so taking personal inventory and listing out what you want is important. READ MORE Most and least expensive private colleges in the United States Though most students do not pay tuition in full, colleges can have intimidating sticker prices. Here are the highest private college sticker prices. READ MORE Student loans got you down? These internships pay handsomely. While the Supreme Court mulls student debt forgiveness, people can earn money to help pay for college. Here are top paid internships, how to get one. READ MORE Looking for money advice? Here are the top U.S. financial advisers A look at top financial advisers, according to USA TODAY and Statista. Amid a volatile stock market, consumers may need guidance. READ MORE Managers at Florida restaurant took servers' tips; $262,000 recovered Employers, managers or supervisors may not receive tips from a tip pool, according to the Department of Labor. READ MORE Advertisement Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback

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