Dossier
Rachel Wolfe
Coverage of Rachel Wolfe in the Nexus archive.
- How are Americans prioritizing spending amid rising costs?
American consumers are reducing spending on goods with significant price increases, with declines in clothing (-7%), furniture (-5%), and sports equipment (-6%) from December to February. The Bureau of Economic Analysis reports this trend, while Wall Street Journal reporter Rachel Wolfe attributes recent inflation to companies passing costs to customers rather than consumer demand.