Retail sales data in the United States showed anemic percentage gains in November, economic data that alongside declines in industrial production may auger some slowing economic growth. As reported by Reuters, retail sales grew by only 10 basis points on the month, with some cutbacks in spending on...
July 29, 2024
Consumer spending has remained strong despite elevated inflation, surprising many economists. However, there are concerns about credit card delinquencies and lenders’ net charge-offs, which could indicate whether consumers can keep up with their payments. The Philadelphia Fed reported that balanced-based credit card delinquencies in Q1 2024 reached their highest level since 2012. According to Seeking […]
