High energy prices are kryptonite for the housing market. Affordability, especially for those first-time home buyers, is now an elusive dream until oil prices come down and interest rates come down.
Not that long ago, restaurant chains like Cava, Chipotle and Sweetgreen had lines streaming out of their doors at lunchtime. But last year, traffic and sales at many of them softened considerably, and their stock prices plunged. Still, don't look for this restaurant segment to slash menu prices any time soon. It's simply not part of its DNA, some restaurant analysts say.
Turkey breast halves, roasted in less than an hour, can be the star of delicious midweek entrees. Or view those roasted turkey breasts, sliced and packaged, then stored in the freezer, as a great addition to sandwiches, as well as casseroles, pasta or salads.
A sharp increase in grocery bills arrived soon after the COVID-19 pandemic hit in 2020. As supply chains all around the world were suddenly disrupted, the cost of pantry and fridge staples noticeably increased. But once the pandemic was over, prices kept climbing, resulting in a sharp and rapid inflation, the likes of which we haven't seen in half a century.
It's really hard for most Americans to remember what they put in their shopping cart," Wells Fargo agricultural economist Michael Swanson told Fortune. "And so that checkout receipt is always kind of a random surprise for them, depending on what's in it. So, I think they'll have to think about it before they're happy about it.