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Costco Execs Warn of Looming Recession Because of One Change Shoppers Are Making to Their Buying Habits

In times of economic struggles, Americans tend to change their shopping habits. The “lipstick effect,” where people will continue splurging on smaller items such as candles and cosmetics, but delay larger purchases, is one example. Costco executives have also spotted other consumer spending changes in their warehouse clubs’ sales lately.

Rising Excess Liquidity Resolves Risk Asset-Recession Paradox

The seeming paradox between an increasingly recessionary economy and a resilient stock market can be explained by rising excess liquidity. Jobless claims data on Thursday continued to point in a recessionary direction. Yet, as always with this data, more information is gleaned by looking at it on a state level.

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IMF Urges Fed, Central Banks to Keep Tightening to Reduce Inflation

The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central banks to “stay the course” on monetary policy and remain vigilant in combating inflation. IMF spokesperson Julie Kozack said inflation momentum has slowed in the United States, but remained a pressing concern. “If inflation does prove to be more persistent than expected, then the Fed may need to push interest rates higher for longer,”…


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