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consumer ETFS | Fox Business

E. J. Antoni, a financial economist at the Heritage Foundation, claimed during an appearance on “The Big Money Show” that U.S. inflation statistics since President Biden took office are “astronomical.” Investors looking to understand the true state of inflation should pay close attention to where and how consumers are spending their money, as Larry McDonald, […]

Samuel Alito, Neil Gorsuch break from Supreme Court conservatives in consumer bureau case

Justice Samuel Alito and Justice Neil Gorsuch opposed The Supreme Court’s 7-2 vote upheld the agency’s funding mechanism as constitutional. While most federal agencies receive funding through Congress’ government appropriations process, the CFPB currently withdraws funds from the Federal Reserve that the director determines are “reasonably necessary to carry out its operations.” Because of this […]

Democrats cheer after Supreme Court rejects challenge to consumer bureau

Democrats and financial industry commentators celebrated Wednesday after the Supreme Court rejected a challenge to the Consumer Financial Protection Bureau’s (CFPB) funding structure. “The Supreme Court of the United States is following the law, and the CFPB is here to stay,” Sen. Elizabeth Warren (D-Mass.) said from the steps of the Supreme Court. Warren was […]

Consumer Prices Up 3.4% Through April, In Line With Estimates

The consumer price index in April increased by 0.3% from the previous month. According to the Department of Labor, prices have increased by 3.4% compared to 12 months ago. Economists had expected sales to rise 0.3% month-on-month and 3.4% over the 12 months. The Ministry of Labor announced last month that the consumer price index […]

Japan stocks lead gains in Asia after upbeat consumer spending data, U.S. rate cut hopes lift sentiment – CNBC

26 minutes ago Nippon Watch records current account surplus in 2023/24 According to Reuters, Japan recorded its largest-ever current account surplus worth 25.3 trillion yen ($162.9 billion) in the fiscal year ending March 2024. The current account surplus in March was 3.4 trillion yen. Current account measurements are important indicators of international trade. —Shreyashi Sanyal, […]

President Joe Biden looks to boost worker, consumer power as election looms

The Biden administration has rolled out new rules over the past week aimed at empowering workers and consumers as the president seeks to address bleak economic conditions ahead of what is expected to be a close election. They have been announced one after another. Last Tuesday, the Federal Trade Commission (FTC) passed a resolution banning […]

Consumer Confidence Unexpectedly Slumps To Lowest Level In Nearly Two Years

Consumer confidence has declined over the past three months, even as the Biden administration tries to convince Americans that the economy is improving. The Conference Board’s Consumer Confidence Index fell to 97 in April from 103.1 in March, according to data released Tuesday. This is the third consecutive month of decline and the lowest figure […]

Consumer Inflation Expectations Unexpectedly Climb

Inflation expectations by U.S. households rose in April, the latest sign that the Fed’s progress in curbing inflation is stalling. Expected inflation over the next year was 3.2% in April, up from 2.9% the previous month, according to a consumer sentiment survey released Friday by the University of Michigan. The long-term expected inflation rate rose […]

Currency crisis pushes consumer groups from Nigeria – Financial Times

Many consumer groups on the front lines of the global cost of living crisis are assuring shoppers that the relentless price increases of the past few years will gradually slow as global inflation slows. But for Nigerian consumers, there is little relief in sight. Heineken-backed Nigerian Breweries has raised prices three times so far this […]