Weekly Wrap @ Decode Econ

At Decode Econ, our goal is simple: keep you up to date on the stories shaping today’s economy. Alongside our own articles, we would like to share what others have written. Here are a few pieces of news that caught our attention this week. If you’ve read something insightful, drop it in the comments. Let’s help each other stay up to date with what’s happening in the economy.

What to Watch Today

Fed Chair Jay Powell will speak from Jackson Hole, WY, on Friday. He’s expected to address inflation, interest rates, and the overall state of the economy. The big question: will he also respond to political pressure around central bank independence? [NYT Article]

International

Germany’s GDP fell more than expected in Q2, prompting Economy Minister Katherina Reiche to call for urgent reforms. Europe’s largest economy may be flashing early warning signs for the global outlook. [Reuters]

Business

Target’s CEO announced his resignation this week as the company faces sluggish sales and consumer boycotts. The company’s stock dropped more than 10% in pre-market trading. It’s another reminder of how sensitive retailers remain to both consumer sentiment and culture wars. [CBS]

Branding Misstep

Cracker Barrel shed nearly $100 million in market value after unveiling a new logo. The simplified design removes the longtime image of a man leaning on a barrel, which wasn’t well received by investors. Branding might look cosmetic, but as markets show, it can carry real economic consequences. [CBS]

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Your Turn

What’s the most interesting economic story you read this week? Drop the link in the comments so our community can stay informed together.