Best ways to protect your wallet from surging inflation

Best ways to protect your wallet from surging inflation

Americans are starting to look over their shoulders for an economic boogeyman: out-of-control inflation. Consumer prices in April soared by the most since 2009, while firms saw the highest price jump in 11 years during the month. Federal Reserve officials in their most recent economic projections even see their preferred measure of inflation rising to 2.4 percent, which would be the highest in decades. The fear is that massive government spending to blunt the blow of the crisis, easy monetary conditions for years to come from the Federal Reserve and a post-vaccine boom that gets consumers out traveling, dining and shopping again are creating the […]

British consumers have taken on new habits this holiday shopping season

British consumers have taken on new habits this holiday shopping season

LONDON — The coronavirus crisis has caused serious challenges for many retailers this year with the holiday shopping season seen as their last chance to pull in much-needed sales. In the U.K, like in many nations, December usually represents the best month for sales of the entire year. But amid one of the worst economic crises in history, there are concerns on how the sector will fare. Nonetheless, experts have told CNBC that there are at least three reasons for British retailers to be optimistic. Pent-up demand “Clearly many people will be struggling financially as a result of the pandemic, […]