Americans spent more in June as inflation cools
U.S. retail sales rose in June as consumers boosted spending, which likely kept the economy on a solid growth path in the second quarter. Overall, the mixed report from the…
consumers
Consumer spending beats expectations in April
U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked up, which could see the Federal Reserve keeping interest…
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US Consumer Confidence Index falls in April
U.S. consumer confidence fell to a nine-month low in April led by a darkening outlook that augers a recession beginning in the near future, a survey showed on Tuesday. The…
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Consumer Prices rose by 0.3% in February
The cost of U.S. goods and services rose by a milder 0.3% in February, perhaps a sign the Federal Reserve’s fight against high inflation showed grudging progress. Prices had risen…
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US consumer confidence ticks up in March
The Conference Board Consumer Confidence Index® increased slightly in March to 104.2, up from 103.4 in February. The Present Situation Index—based on consumers’ assessment of current business and labor market…
Read MoreConsumer confidence slips again in February
The Conference Board Consumer Confidence Index decreased in February for the second consecutive month. The Index now stands at 102.9 (1985=100), down from 106.0 in January (a downward revision). The Present…
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Here’s how the Fed’s rate increase will affect you
The Federal Reserve took the first half-point interest rate increase of several in order to combat inflation, and it’s going to have some negative affects on consumers. Low mortgage rates…
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New Apple iPhones not much different other than storage
The new iPhone 13 line-up hits stores on September 13, and other than more storage not much has changed since last year’s iPhones. They will start priced at $700 to…
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Consumers can only handle seven streaming media services
A London-based media consultancy, OMDIA, has found that consumers can handle about seven different streaming services before they start to get overwhelmed. They discovered this after noticing that the average…
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US trade deficit surges to record $74.4 billion
While imports rose 6.3% in March, exports increased even faster, by 6.6%, leading to a record trade deficit of $74.4 billion. The trade deficit with China has been substantial for…
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Wages grow quickly during first quarter
Workers’ pay and benefits rose 2.6% ending in March, down from only 2.8% a year before. However, even as wages grow, employers are struggling to find workers for multiple reasons.…
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