It’s time for the Federal Reserve to ease up on bond-buying by the central bank, in part because keeping it up could cause problems in the housing market, which shows no signs of slowing down its brisk pace, Federal Reserve Bank of St. Louis President...
The consumer price index (CPI) is up 0.9 percent in June and 5.4 percent over the last 12 months, marking the highest increases since August 2008, according to the Tuesday (July 13) report from the U.S. Bureau of Labor Statistics (BLS). Get the Full Story...
Consumers expect inflation, income and spending to rise, according to the June 2021 Survey of Consumer Expectations, a monthly gauge of economic health by the Federal Reserve Bank of New York’s Center for Microeconomic Data. Get the Full Story Complete the form to unlock this...
Increasing numbers of Europeans infected with the Delta coronavirus variant could slow the region’s economic recovery and cause the necessity of new restrictions, the Financial Times (FT) reported on Monday (July 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Visa U.S. Spending Momentum Index (SMI), which was created to gauge the health of consumer spending, registered a June 2021 reading of 111.7, marking a slight decrease from May’s reading of 123.3, according to a Friday (July 9) announcement. Get the Full Story Complete the...
U.S. retail sales in June rose 11 percent year over year, marking the ninth consecutive month of growth in that sector, a new report from Mastercard says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Employment levels remain lower than before the start of the pandemic in most Organisation for Economic Co-operation and Development (OECD) member countries, according to a new report from the group, which says jobs must be the focus of economic and social recovery around the world....
New jobless claims unexpectedly edged up to 373,000 for the week ending July 3, missing forecasts that anticipated another decline, according to the July 8 report from the Bureau of Labor Statistics. The previous week’s level of 364,000 filings was revised upward by 7,000 to 371,000....
Low-wage workers are disproportionately finding jobs and receiving pay increases as the economy recovers from COVID-19 restrictions that increasingly are being lifted, the Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
