Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Data from the Bureau of Economic Analysis (BEA) released on Friday (June 3o) shows that the personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, improved...
Business activity in the U.S. shrank for the fourth month in a row amid continued high inflation and a decline in demand. That’s according to a report Monday (Oct. 24) from S&P Global Market Intelligence, which showed its flash composite purchasing managers output index falling...
No two recessions are exactly alike. But this time around, with the light at the end of the pandemic tunnel as vaccines are rolling out, we’re seeing a healthier consumer powering through a series of economic headwinds — even while debt levels increased. To that...
Stimulus negotiations are on hold. That is the news out of Washington today (Oct 6) as President Trump has announced that negotiations between Republicans and Democrats will be officially paused until after the election on Nov. 3. “I have instructed my representatives to stop negotiating...
February 24, 2021
No two recessions are exactly alike. But this time around, with the light at the end of the pandemic tunnel as vaccines are rolling out, we’re seeing a healthier consumer powering through a series of economic headwinds — even while debt levels increased. To that end, the Federal Reserve Bank of New York said earlier […]
June 02, 2017
Sizzle Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has given a round to the good guys, even...
July 31, 2023
Banks are continuing to tighten their terms on commercial and industrial loans. The proportion of U.S. banks tightening their terms on such loans for medium and large businesses rose to 50.8% in the second quarter, up from 46% in the first quarter, Bloomberg reported Monday (July 31), citing figures from a survey by the Federal Reserve. Fed Chair Jerome […]
June 30, 2023
Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Data from the Bureau of Economic Analysis (BEA) released on Friday (June 3o) shows...
October 25, 2022
Business activity in the U.S. shrank for the fourth month in a row amid continued high inflation and a decline in demand. That’s according to a report Monday (Oct. 24)...
August 15, 2019
An increasing number of Americans are struggling to keep up with their student loan and credit card debt, Reuters reported on Tuesday (Aug. 13). The number of student loans unpaid...
