Consumer Spending

October Retail Sales Up Overall but Online Sales Slow
October Retail Sales Up Overall but Online Sales Slow
November 15, 2024  |  Consumer Insights

October retail sales were up 0.4%, according to data from the U.S. Census Bureau. Although U.S. consumers keep opening their wallets, auto-related sales boosted results,...

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Consumers Discount Inflation That ‘Meets’ Estimates as Post-Pandemic Housing, Food Costs Soar 25%
Consumers Discount Inflation That ‘Meets’ Estimates as Post-Pandemic Housing, Food Costs Soar 25%
November 13, 2024  |  Economy

Only time will tell if the slight bump in inflation — measured by the latest Consumer Price Index for October and released by the Bureau...

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Inflation Cooldown: Fed Sees Progress but Warns of a Slow Burn
Inflation Cooldown: Fed Sees Progress but Warns of a Slow Burn
November 12, 2024  |  Economy

There’s data, and then there’s everyday reality. The October reading for the Consumer Price Index will be released Wednesday morning (Nov. 13). Inflation is expected...

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Online Grocery Prices Dip for First Time Since Pandemic
Online Grocery Prices Dip for First Time Since Pandemic
November 12, 2024  |  Economy

Online grocery costs reportedly fell last month, their first dip since the COVID-19 pandemic. The cost of food declined by 0.1% in October compared to...

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Cautious Consumers, Hurricane Spend Define Home Depot’s B2B-Focused Third Quarter
Cautious Consumers, Hurricane Spend Define Home Depot’s B2B-Focused Third Quarter
November 12, 2024  |  Earnings

The Home Depot’s focus on the professional market remains unwavering, even as U.S. consumers curb their home improvement splurges. That was the latest from the...

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Singles’ Day Sales Growth Slows Amid China’s Economic Challenges
Singles’ Day Sales Growth Slows Amid China’s Economic Challenges
November 11, 2024  |  Retail

Retail sales made during China’s annual Singles’ Day shopping event reportedly slowed again this year amid the country’s economic challenges and consumer skepticism about retailers’...

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41% of Zillennials Prioritize Price Over Brand Loyalty in Shopping
41% of Zillennials Prioritize Price Over Brand Loyalty in Shopping
November 11, 2024  |  Consumer Insights

Zillennials — who were born between 1991 and 1999 — are reshaping the retail market with a blend of millennial values and Generation Z’s tech-savviness....

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Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
November 08, 2024  |  Consumer Finance

All eyes were on the Federal Reserve’s interest rate cut this week. As widely expected, the central bank delivered a 0.25% trimming to the federal...

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Global Food Commodity Prices Reach Highest Level in 18 Months
Global Food Commodity Prices Reach Highest Level in 18 Months
November 08, 2024  |  Economy

Globally traded food commodities rose to their highest level in 18 months in October, driven by adverse weather conditions and other challenges. The FAO Food...

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