Gloomy Americans Cut Back on Spending as Inflation Ticks Higher
A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut back on their spending last month.
Student Loan Payments’ Return Could Cause Consumer Pullback
The reprieve is over. Just as the American economy is struggling with high inflation and interest rates, the coming resumption of student loan payments poses yet another potential challenge.
Consumers Still Spending, but Businesses Expect Tighter Squeeze Ahead
Investors and a wide range of retailers are taking a dim view of the remainder of 2023 and expect consumers to buckle under pressure from inflation.
Retail Sales Rose Last Month, a Sign of Resilience
Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates.
JPMorgan Profit Takes a Hit in Second Quarter, Shares Drop
Profits at JPMorgan Chase fell by 28 percent in the second quarter as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise, hitting consumers and corporations alike.
U.S. Consumer Spending Increases Solidly in June
U.S. consumer spending increased solidly in June as households spent more on restaurants and accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
Consumer Spending In 2016 Increased At Slower Pace, Despite Higher Incomes
Consumer spending in 2016 increased at a slower pace year-over-year, despite a faster increasing pre-tax income per consumer unit, the U.S. Department of Labor Statistics reported Tuesday.
Consumer Spending Jumps; Monthly Inflation Rebounds
U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic demand that could allow the Federal Reserve to raise interest rates next month.
Drop In US Consumer Spending Clouds Fed Rate Hike Outlook
U.S. consumer spending unexpectedly fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates.
US Fourth-Quarter GDP Growth Revised Up; Profits Dive
U.S. economic growth slowed in the fourth quarter,...US Consumer Spending Slowing, But Business Investment Poised To Rise
U.S. consumer spending barely rose in October as...
