economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Back-to-School Shopping Drives Consumer Spending Surge in September
Back-to-School Shopping Drives Consumer Spending Surge in September
October 17, 2024  |  Economy

September’s retail sales data showed a (slight) acceleration of spending from August, though we’re well off past peaks. And speaking of past peaks — looking...

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NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
October 15, 2024  |  Consumer Finance

A growing percentage of consumers think they could miss a minimum debt payment in the next three months. Consumers’ delinquency expectations increased for the fourth...

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U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
October 11, 2024  |  Economy

Consumer sentiment inched down in early October amid continued frustration over the prices of goods and services. While it dipped a “meager” 1.7% or 1.2...

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Flat Wholesale Price Reading Will Influence Rate Cut Expectations
Flat Wholesale Price Reading Will Influence Rate Cut Expectations
October 11, 2024  |  Economy

The Producer Price Index (PPI) was unchanged in September after rising 0.2% in August. The PPI, which measures wholesale prices, saw a 0.2% increase in...

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Luxury Retailers Merge and Partner Their Ways Through Economic Uncertainty
Luxury Retailers Merge and Partner Their Ways Through Economic Uncertainty
October 11, 2024  |  Retail

The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down...

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Latest CPI Data Finds Consumers Literally Spend More Bread to Buy Bread
Latest CPI Data Finds Consumers Literally Spend More Bread to Buy Bread
October 10, 2024  |  Economy

In economics, there’s often a bifurcation when it comes to data — the difference between what the headlines tell us and what the wallet feels....

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Jobless Claims Rise Amid Hurricanes, Automaker Layoffs and Boeing Strike
Jobless Claims Rise Amid Hurricanes, Automaker Layoffs and Boeing Strike
October 10, 2024  |  Economy

The effects of Hurricane Helene, cutbacks in the auto industry and furloughs related to a strike at Boeing drove U.S. jobless claims to their highest total...

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As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
October 09, 2024  |  Loans

Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. And for consumers...

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Employee Health Insurance Costs Climb Despite Lower Inflation
Employee Health Insurance Costs Climb Despite Lower Inflation
October 09, 2024  |  Healthcare

Inflation may be waning, but Americans aren’t seeing much relief when paying for medical care. Employer-sponsored health insurance costs climbed 7% for the second year...

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