Inflation Climbed At Moderate Pace In July as Consumer Spending Picked Up
Consumer prices rose at a slightly faster pace last month than the month before, Commerce Department data released Friday showed. The personal consumption expenditures price index rose 0.2% in July from June, accelerating from June's 0.1% increase from May, the acceleration was in line with economists' expectations. Over the past year, the personal consumption expenditures […]
Dollar General stock slides as earnings show soft consumer demand
Gerald Storch, CEO of Storch Advisors, responded to Target's decision to cut prices on 5,000 common products during an appearance on “Varney & Co.” Dollar General The stock plunged 27% on Thursday after the company reported second-quarter results that showed weakening consumer demand and lowered its full-year sales and profit forecasts. The company's operating profit […]
Boosted By Resurgent Consumer Spending, Second Quarter Growth Revised Up To 3%
The U.S. economy grew faster this spring than previously thought, fueled by a surge in consumer spending. The Commerce Department said Thursday that the U.S. economy grew at an annualized rate of 3 percent in the second quarter, revised up from an earlier forecast of 2.8 percent. Economists had expected the second estimate to be […]
Consumer confidence reaches six-month high, but labor market worries rise
Claman Countdown panelists Scott Redler and Michael Landsberg weigh in on the possibility of a recession. We Consumer Confidence Although Americans are growing increasingly worried about the labor market after last month's rise in the unemployment rate, rising optimism about the economy helped push the unemployment rate to its highest level in six months in […]
Consumer Alert: Do New Yorkers pay more for health insurance under the Affordable Care Act? – News10NBC
Are New Yorkers paying more under the Affordable Care Act than people elsewhere? Open enrollment begins in just over two months, and if you don’t have health insurance, you can visit New York’s Affordable Care Act portal to choose a plan. An interesting question came from a viewer about how New York’s program compares to […]
Revived Democrat Hope Boosts Consumer Sentiment
Americans still think the economy is pretty bad, but revived hopes for a Democratic election boosted consumer expectations in August. The University of Michigan Consumer Sentiment Index was roughly flat for the fourth straight month. Compared to a year ago, consumer sentiment is slightly weaker than it was a year ago. But beneath that surface […]
Americans’ household debt surged in recent years amid challenging consumer environment
Former Council of Economic Advisers chairman Kevin Hassett responded to former President Trump’s explanation of his economic policies to Kudlow, R-N.C. Liabilities American Households Amid a tough economic environment for consumers, delinquency rates have skyrocketed over the past few years, reaching their highest levels in more than a decade. According to a quarterly report released […]
Lobbying World: Consumer Brands Association regroups as CEO departs
of Consumer Brands Association The Association of Life Insurance Companies (CBA) has announced a slew of new hires and promotions following the departure of former CEO David Chavern to become president and CEO of the American Association of Life Insurance Companies. CBAs have been added Jonathan Bridgman As a Membership Program Manager, Jennifer Smith As […]
There’s Something Very Strange in the Fed’s Consumer Data
Trump expectations rise, inflation expectations fall In a presidential election year, many economic surveys cannot escape the significance of expectations for the presidential election results. Federal Reserve Bank of New York Monthly survey of consumer expectations Showed Surprising fall in inflation expectations The median inflation expectation for the three-year future fell 0.6 percentage points to […]
Consumer Confidence Gets A Boost As Economic Optimism Grows
American consumers are becoming a little more optimistic about the economy. The Conference Board’s index rose to 100.3 from a revised June reading of 97.8, a slight increase but still below pre-pandemic levels and not enough to lift mood overall. The outlook for the next six months has brightened, reaching 78.2, the highest since January, […]