Retail Sales Fell 0.3% in May
This post was originally published on this siteRetail spending fell in May, amid high inflation, rising interest rates and weakening consumer confidence.
Walmart, Target foreshadow more consumer stress and trouble ahead for economy and markets
This post was originally published on this siteWalmart, Target and other companies warn consumer spending is shifting very fast. This could spell trouble for the economy and financial markets.
Americans keep spending despite record inflation squeeze
This post was originally published on this siteDespite high inflation, rising gas prices, deepening concern about the economy and rising recession risks, Americans keep spending money. Stocks have fallen sharply over the past week as Wall Street frets over a likely dip in consumer spending. Polls of consumer sentiment have...
Consumers’ Shift to Travel, Dining Out Boosted March Spending, Economists Estimate
This post was originally published on this siteConsumer spending is estimated by economists to have accelerated in March as rising wages propelled Americans to spend more on services like dining out and travel.
US economy sees surprise Q1 contraction despite solid spending
This post was originally published on this site Washington (AFP) – The US economy shrank in the first quarter of 2022 as the Omicron variant of the coronavirus hampered activity and companies bought more foreign products to rebuild depleted inventories, in the latest complication for a country already struggling with...
High prices, fewer choices: Inventory of summer goods is OK, but supply chain troubles loom
This post was originally published on this siteRetail inventories are set for summer, but beyond that, new supply chain strains are clouding the inventory and inflation outlook for the second half.
American Consumers Are Starting to Hit Their Breaking Point
This post was originally published on this siteEvidence is mounting that the days of pandemic-era profligate spending may be over in a bad sign for stocks and corporate bonds.
Russia’s Invasion of Ukraine Threatens Further Hikes in Food Prices
This post was originally published on this site Even before Russia invaded Ukraine, food prices were spiking around the world because of supply chain disruptions. A combination of always unpredictable nature, bad policy, and busted supply chains (also largely from policy decisions) hiked the cost of fertilizer for farmers. That...
Consumer Spending Rebounded in January, Economists Estimate
This post was originally published on this siteRussia’s attack on Ukraine could raise gasoline prices, curbing growth in spending overall.
Here’s the truth about rising inflation — and it has nothing to do with spending
This post was originally published on this site Inflation numbers for December indicate rising prices continue to be a major problem. The Personal Consumption Index, which the Fed uses to gauge inflation, was up 5.8 percent for the year that ended in December, a slight increase from 5.7 percent in...
