inflation

Will Slight Improvement in Overall Jobs Outlook Boost Confidence to Keep Spending?
Will Slight Improvement in Overall Jobs Outlook Boost Confidence to Keep Spending?
November 04, 2024  |  Economy

On its surface, last week’s job report was anemic at best and confounding at worst. And where there’s a cloudy picture on job prospects, the...

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Consumer Confidence Marks Big Gain Despite Inflation Concerns
Consumer Confidence Marks Big Gain Despite Inflation Concerns
October 29, 2024  |  Economy

One week ahead of the election, we’re living in what might charitably be called uncertain times. And yet, as measured by The Conference Board’s latest...

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Consumer Sentiment Gets a Bump on Easing Interest Rates
Consumer Sentiment Gets a Bump on Easing Interest Rates
October 25, 2024  |  Economy

Consumers are feeling a bit more positive, notably about “buying conditions,” as shown in the latest release from the University of Michigan’s Survey of Consumers....

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Aldi Expansion Continues Amid Thanksgiving Discount Rollout
Aldi Expansion Continues Amid Thanksgiving Discount Rollout
October 17, 2024  |  Retail

Aldi’s latest expansion efforts have it literally in Walmart and Target’s backyards. That’s according to a report Thursday (Oct. 17) by Supermarket News, which notes that one of the German discount grocer’s...

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NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
October 15, 2024  |  Consumer Finance

A growing percentage of consumers think they could miss a minimum debt payment in the next three months. Consumers’ delinquency expectations increased for the fourth...

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Banking Giants Say Consumer Spending Remains Resilient Despite Inflation
Banking Giants Say Consumer Spending Remains Resilient Despite Inflation
October 13, 2024  |  Consumer Insights

America’s biggest banks say consumers are still spending in spite of inflation. As Reuters reported Friday (Oct. 11), earnings from two of the country’s biggest...

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Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers
Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers
October 11, 2024  |  Economy

Lower inflation and interest rates may give some relief to consumers who need it most, Wells Fargo CEO Charlie Scharf said Friday (Oct. 11). Speaking...

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U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
October 11, 2024  |  Economy

Consumer sentiment inched down in early October amid continued frustration over the prices of goods and services. While it dipped a “meager” 1.7% or 1.2...

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Flat Wholesale Price Reading Will Influence Rate Cut Expectations
Flat Wholesale Price Reading Will Influence Rate Cut Expectations
October 11, 2024  |  Economy

The Producer Price Index (PPI) was unchanged in September after rising 0.2% in August. The PPI, which measures wholesale prices, saw a 0.2% increase in...

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