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Bank of America Executive Says Consumers Still Spending Pandemic-Era Savings
PYMNTS.com· 3 days agoConsumer spending is still being driven by savings that built up during the pandemic, Bank of...
Annual inflation ticks down in May but housing prices still sticky
Deseret News via Yahoo Finance· 2 days agoThe CPI reading follows the latest Personal Consumption Expenditure report from the U.S. Department...
Americans are flocking to Temu, but they trust Amazon so much more
Fortune via Yahoo Finance· 3 days agoThe Department of Homeland Security has also recently said it...under the “de minimis” trade program...
Consumers Pay Down Some Credit Card Debt in April
PYMNTS.com· 7 days agoConsumers are moving toward paying down at least some of what they owe on their credit cards. The Federal Reserve’s latest report on consumer< ...
Fed holds on rate change for now. Here’s what it means for you
Deseret News via Yahoo Finance· 20 hours agoFed Chairman Jerome Powell says U.S. economy is heading in the right direction but the monetary body...
Economic Data Paint a Picture of Two Americas
The Wall Street Journal· 6 days ago“Consumers are strong, our consumers that we chase are especially resilient and strong...this makes a certain amount of sense. The upper cohort in the &...
Fed Projects Just One Cut This Year Despite Mild Inflation Report
The Wall Street Journal· 2 days agoGrowth has been weaker abroad than in the U.S., where many homeowners have been shielded from the...
Dollar set for first monthly drop after US inflation readout
StreetInsider· 7 days agoS. inflation rose in line with expectations in April, offering little clarity on how soon the U.S. Federal Reserve will be able to cut ...
JD Supra: Look Ahead to the Week of May 13: House Takes on FAA Reauthorization
JD Supra· 21 hours agoLook Ahead to the Week of May 13: House Takes on FAA Reauthorization -Both the House and Senate are in session this week. At the end of last week, after much consternation, the Senate...
The simplest explanation for market movements isn't always the most complete one
AOL· 5 days agoWhen it comes to understanding new developments in the economy or the markets, the obvious and simplest explanations aren’t always the correct or complete ones. Consider the impact of higher ...
