The Fed’s Beige Book Shows a Margin Squeeze, Not a Demand Collapse
The Federal Reserve’s newest Beige Book does not describe an economy falling off a cliff. It describes something harder for…
The Archive
Tag: Consumer Spending
Income Rose 0.4%, Spending Rose 0.2%—The Savings Buffer Stayed Thin
August 31, 2026 · Macro & Monetary Policy Income Rose 0.4%, Spending Rose 0.2%—The Savings Buffer Stayed Thin July’s household…
Jobless Claims Rose to 209,000—But the Layoff Signal Is Still Quiet
August 23, 2026 · Labor Market Jobless Claims Rose to 209,000—But the Layoff Signal Is Still Quiet Initial unemployment claims…
Retail Sales Fell 0.6%—But the Consumer Story Is More Complicated
August 17, 2026 · Macro & Monetary Policy Retail Sales Fell 0.6%—But the Consumer Story Is More Complicated July retail…
The Paycheck Is Losing Ground Again: What Flat Real Wages Mean for Markets
August 13, 2026 · Labor Market The Paycheck Is Losing Ground Again: What Flat Real Wages Mean for Markets July’s…