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Feb 16, 2022

Your word of the day: “boomflation”

With inflation on the rise and a boom in demand, the Federal Reserve may move faster to increase interest rates.

Forget stagflation. Retail sales point to a “boomflation” economy.
by Lily Jamali
Spencer Platt/Getty Images
The monthly gauge rose 3.8%, showing that Americans are eager to shop despite inflation. It could further push the Fed to hike rates.
Americans are buying a whole lot of furniture
by Matt Levin
Getty Images
Home furnishing sales went up 7.2% month over month in January, but why are people buying so much furniture?
As U.S. and China bicker over flights, the market “is dead”
by Sabri Ben-Achour
Daniel Slim/AFP via Getty Images
The two countries canceled 44 flights, tit-for-tat style, in January. But few people are flying between the U.S. and China anyway.
Iowa concert venue operator persisted through pandemic with help of SBA and other allies
by Kai Ryssdal and Richard Cunningham
Frazer Harrison/Getty Images
Tobi Parks’ xBk was open only six months before the pandemic hit. A federal grant helped it weather COVID.
Workers are hanging up business casual for business comfort, Stitch Fix CEO says
by Kai Ryssdal and Daisy Palacios
Courtesy Stitch Fix
“We hear about two-thirds of our consumers saying they’re ready to swap out clothes,” Elizabeth Spaulding says.
More states are requiring high schoolers to complete financial aid application
by Stephanie Hughes
Tero Vesalainen/Getty Images
Applications for federal aid for college have decreased, so schools and states are looking at ways to get more grants into students’ hands.