Inflation Cools More Than Expected, Providing Relief for Consumers and the Fed
The US received good inflation news on Wednesday, which could pave the way for interest rate cuts this year. According to the Labor Department, the consumer price index rose 3.3% year-on-year in May, down from 3.4% in April. report. The “core” index, which strips out volatile food and energy prices and gives a clearer picture […]
Consumers want credit products despite high interest rates: TransUnion
Consumers’ access to credit is expanding as their appetite for debt soars, according to a recent TransUnion report. (iStock) A recent report from TransUnion found that the high interest rate environment has done little to reduce demand for credit products. According to the report, there will be more than 543 million bank cards in consumers’ […]
Consumers discouraged by high interest rates and deteriorating financial health: study
More consumers are considered financially unsound than last year. (iStock) Inflation and the pandemic have driven up interest rates and lowered consumer satisfaction, with roughly 73% of consumers with loans classified as financially unhealthy. J.D. Power Consumer Lending Satisfaction Survey found. Last year, 67% of consumers fell into a similar category, indicating that times remain […]
Costco revenue beats estimates as cash-strapped consumers look for deals on groceries, discretionary items
Costco gold buyer Blaine Silverman explains why he jumped on the frenzy and why investors should consider buying into the precious metal. Costco Wholesale Inc. on Thursday reported better-than-expected third-quarter sales as cash-strapped consumers flocked to the company’s warehouses for low-priced groceries and discretionary items. The membership retailer credited solid demand for grocery and bakery […]
Yellen Blaming Consumers for Inflation Is Government’s Latest Attempt to Deflect Blame for Its Policies
A few weeks ago, US Secretary of the Treasury Janet Yellen appeared on the Late Show With Stephen Colbert to discuss a range of issues both political and personal. The most widely reported moment in the interview came when Yellen talked about practicing her signature (don’t ask me why this is newsworthy, I have no idea). However, a significantly more important moment […]
Daily marijuana consumers outnumber Americans who drink daily: report
A newly published study finds that more people use marijuana daily than drink alcohol daily. The study, published Wednesday in the journal Addiction, was written by Jonathan Caulkins, a cannabis policy researcher at Carnegie Mellon University, and was based on data from the National Survey on Drug Use and Health. While more Americans overall drink […]
Many US consumers staying away from EV’s due to lack of charging availability: report
FOX Business Jeff Flock reports that auto repair costs have increased 33% over the past four years. Purchasing motivation of American car buyers Electric vehicle (EV) A new J.D. Power survey shows a drop from a year ago, due in part to concerns about adequate charging infrastructure. J.D. Power’s 2024 U.S. Electric Vehicle Consideration Study […]
Yellen on Calling Trump Tariffs ‘Taxes on Consumers’: Biden’s Are ‘Targeted’
Treasury Secretary Janet Yellen predicted on Tuesday’s “PBS News Hour” that President Joe Biden’s tariffs would not cause meaningful price increases for households, saying President Trump’s tariffs would be “a tax on consumers.” In response to a question about criticism that President Biden’s tariffs are Tariffs are different because they are “target groups in strategic […]
Joe Biden Imports Millions of Non-Working Migrant Consumers
President Joe Biden is welcoming millions of low-wage immigrants to produce more goods and services, and children, mothers, and seniors to consume goods and services needed by American families. welcomes even larger waves of immigrants. Center for Immigration Studies (CIS) report On May 13, it was announced that an additional 5.1 million immigrants have immigrated […]
Card Rewards a Lifeline for American Consumers
The following content is electronic payment federation. Anyone who has bought groceries or filled up at a gas station recently has felt the pinch of rising prices. From everyday necessities to the occasional splurge, many Americans are cutting back on spending to save money each month. Meanwhile, many people are looking for other ways to […]