inflation

Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
September 20, 2023  |  Economy

The Federal Reserve’s staying pat, for now. The announcement on Wednesday (Sept. 20) that the central bank is leaving interest rates unchanged — at a...

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General Mills Predicts Restaurant Inflation Will Drive Fall Grocery Sales
General Mills Predicts Restaurant Inflation Will Drive Fall Grocery Sales
September 20, 2023  |  Economy

General Mills predicted that with restaurant inflation exacerbating the gap between dining out and eating at home, more consumers will get their food at the...

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Mastercard Forecasts Higher Holiday Spending
Mastercard Forecasts Higher Holiday Spending
September 19, 2023  |  Retail

Mastercard is predicting a “rebalancing” in consumer spending for the 2023 holiday season. The company on Tuesday (Sept. 19) announced that its SpendingPulse shows retail sales increasing...

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LendingClub: Nonessential Spending Needs a Gut Check Ahead of Holiday Shopping Season
LendingClub: Nonessential Spending Needs a Gut Check Ahead of Holiday Shopping Season
September 19, 2023  |  Consumer Finance

The latest economic data is in, and the Consumer Price Index shows that inflation has picked up to its fastest pace in several months. Amber...

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Millennials Focus on Mental Health as Student Loan Repayments Loom
Millennials Focus on Mental Health as Student Loan Repayments Loom
September 18, 2023  |  News

As the October resumption of federal student loan repayments approaches, the financial strain of repaying these loans is expected to have a significant impact on...

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Retailers Scale Back Holiday Hiring as Consumers Grow Uneasy
Retailers Scale Back Holiday Hiring as Consumers Grow Uneasy
September 17, 2023  |  Retail

American retailers are set to hire the lowest level of seasonal holiday workers in 15 years. That’s according to an article Friday (Sept. 15) by Reuters,...

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Will Weak Consumer Sentiment Hurt Spending Despite Lower Inflation Expectations?
Will Weak Consumer Sentiment Hurt Spending Despite Lower Inflation Expectations?
September 15, 2023  |  Economy

Consumers, looking ahead, think inflation’s growth rate will moderate. But their outlook about the economy right now, and where it’s headed, is muted. To that...

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Walmart Digs Into Sustainability with Compostable Private Label Cutlery
Walmart Digs Into Sustainability with Compostable Private Label Cutlery
September 14, 2023  |  Walmart

Walmart is offering its customers a chance to use disposable cutlery and still go green. The retailer on Thursday (Sept. 14) announced the rollout of 100% compostable...

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As Real Incomes Fall, Student Loans and Everyday Spend Pressure Paycheck-to-Paycheck Economy
As Real Incomes Fall, Student Loans and Everyday Spend Pressure Paycheck-to-Paycheck Economy
September 14, 2023  |  Economy

Real incomes are falling, and for the paycheck-to-paycheck economy, the struggle to meet monthly obligations will continue to be a challenge at best — and...

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