Inflation didn’t fall as much as some economists predicted, but it’s not all doom and gloom either.
The CPI rose 3.1% in January compared to a year ago.
Despite inflation, people still buy as much food, medicine, gasoline — even coffee.
“If we have a China that’s growing more slowly, there’s less opportunity” globally, says economist Adam Posen.
Spending on services is up, but Leta Harris Neustaedter says business at her Metamorphosis Performing Arts Studio has its ebbs and flows.
The two aims shouldn’t compete, they say.
They used to sell as a guilty pleasure to be hidden away. Now they’re cool and out in the open.
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