Walmart on Monday cut its quarterly and full-year profit guidance, saying inflation is causing shoppers to spend more on necessities such as food and less on items like clothing and electronics.
Fed set to impose another big rate hike to fight inflation
Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot.
Biden downplays worries over economic downturn: ‘I don’t think we’re going to see a recession’
President Joe Biden and White House officials are continuing to downplay recession fears, even as they brace for a highly anticipated report that could show the economy shrinking for a second consecutive quarter.