Americans have been grappling with higher food costs since 2021. To get relief, some are turning to credit cards, buy now, pay later programs or payday loans.
If the Fed was doing anything, they’d see this as a signal and try to do something about it instead of just worrying about the wealthy. Redefining what a recession is will not keep it from happening.
If the Fed was doing anything, they’d see this as a signal and try to do something about it instead of just worrying about the wealthy. Redefining what a recession is will not keep it from happening.