US economy set to ‘slow noticeably’ as consumer spending loses steam: ‘Last hurrah’
Zuma Global President Heather Zumarraga talks to Varney & Co. about consumer spending habits for the 2023 holiday season. The U.S. economy is expected to cool significantly in the coming months as the once rampant spending by U.S. consumers finally comes to an end, according to Wells Fargo. Scott Wren, senior global market strategist at […]
Who’s protecting consumers from the Consumer Financial Protection Bureau?
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Consumer Sentiment Surges, Biggest Gain Since 2005
Growing optimism about the economic outlook, confidence that inflation will decline, and good sentiment about the current situation have fueled a sharp rise in U.S. consumer sentiment as the new year begins. The University of Michigan Consumer Confidence Index rose 9.1 points to 78.8, the largest monthly increase since 2005. This followed a strong rise […]
Consumer sentiment hits highest level since 2021
Consumer sentiment rose in January to its highest level since July 2021, according to the University of Michigan Consumer Survey released Friday. In preliminary figures, sentiment rose from 69.7% in the previous month to 78.8, marking the second consecutive month of significant increases. “Democrats and Republicans alike posted their best indicators since summer 2021. Sentiment […]
Consumer Prices Rose at a Faster Pace in December
Inflation was faster than in December, marking the 33rd consecutive month of annual price increases well above the Fed's healthy 2% target. The Consumer Price Index, the Labor Department's broad measure of how much consumers pay for goods and services, rose 3.4 points in December from a year earlier. Economists had expected a 3.2% increase […]
Consumer prices rose 3.4 percent in 2023 as inflation plunged
Consumer price growth accelerated slightly in December, capping a year of plunging inflation, according to data released Thursday by the Labor Department. The Consumer Price Index (CPI), which is closely watched as an indicator of inflation, rose by 0.3% in the final month of 2023 and by 3.4% over the past year. Although both the […]