Consumers are buying fewer items to cope with inflation at the grocery store…Bezos warns on the economy, saying it’s time to ‘batten down the hatches’

It does not look like a soft landing

66% of American workers are worse off financially than a year ago due to inflation, report finds

• As the cost of living keeps rising, more Americans are struggling financially.
• Now, two-thirds of adults say they are worse off than they were just one year ago, according to a recent report.
• Nearly 1 in 3 workers, including those earning more than $100,000, run out of money before payday.

Federal Reserve Alert! Beige Book – October 19, 2022: Four Districts noted flat activity and two cited declines, with slowing or weak demand attributed to higher interest rates, inflation, and supply disruptions. Outlooks grew more pessimistic amidst growing concerns about weakening demand.

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