Grocery prices rebounded in October, and eating out got more expensive, too. The increases put pressure on two parts of the food budget that households must manage with an eye on the confines of their wallets. Among paycheck-to-paycheck consumers who were keeping up with their...
The fastest-growing part of consumer credit in September was the kind that lets a household put this week’s groceries on next month’s bill. The Federal Reserve’s Friday (Nov. 6) G19 report on consumer credit indicated that revolving credit, which includes credit cards, accounted for more...
The Commodity Futures Trading Commission (CFTC) has cleared the way for perpetual futures tied to individual stocks to trade on registered U.S. exchanges, extending a defining feature of cryptocurrency markets into traditional equities and bringing offshore trading activity under American supervision. The agency said Tuesday...
The current artificial intelligence (AI)-driven market correction could impact the dollar’s status as a haven asset, Deutsche Bank’s global head of FX strategy, George Saravelos, said in a Friday (Oct. 30) note to clients, Bloomberg reported. This view is supported by recent times when both tech stocks...
Inflation absorbed almost all of United States consumers’ September spending increase, leaving households paying more for barely any additional goods and services. The monthly result complicates the stronger growth picture in the third-quarter GDP estimate that the Bureau of Economic Analysis announced Thursday (Oct. 29)....
The nation’s real gross domestic product growth accelerated in the third quarter, driven by gross private domestic investment, including information processing equipment, according to a data released Thursday (Oct. 29) by the Bureau of Economic Analysis (BEA). Real GDP grew at an annual rate of...
Kalshi CEO Tarek Mansour is looking for new ways to protect consumers losing money on the prediction markets platform, Bloomberg reported Wednesday (Oct. 28). “Irresponsible users is a real worry for any of these types of products,” Mansour said in an interview with Emily Chang...
Consumer confidence rose to its highest level since June as the price of gas eased in October, The Conference Board said in a Tuesday (Oct. 27) press release. This change was indicated by a 7.5-point increase in The Conference Board’s Consumer Confidence Index, which rose...
October’s consumer sentiment reading has essentially kept pace with September, though consumers’ long-term views are less optimistic. Data from the University of Michigan Survey of Consumers released Friday (Oct. 23) showed October’s reading at a revised 48.0, up from an initial 46.3 and in keeping...