Consumer spending loses momentum, prices fall, but the Fed’s preferred inflation gauge remains stubborn. Read our summary and analysis. More

The student loan pause is set to end at the end of August. Texas is turning to batteries for assistance to keep the power on amid a heat wave. Customers are frustrated by poor service in many restaurants that are short of staff. Catch up on the latest Economics in the News. More

What impact are interest rates having on construction? The US national debt exceeds $32 trillion for the first time. Instant Brands, the maker of Instant Pots, declares bankruptcy. Catch up on the latest Economics in the News. More

The BLS released May’s CPI report. It provides promising signs of inflation subsiding, with overall inflation reaching a two-year low. Read our summary and analysis. More