Retailers and restaurants may be in for another consumer spending windfall as 39 million American families will find their bank accounts flush with a couple of hundred more dollars as the new and improved 2021 version of the child tax credit (CTC) officially begins rolling out Thursday (July 15). Get...
New jobless claims in the week ending July 10 dropped to 360,000, down 26,000 from the previous week’s revised level, according to the July 15 report from the Bureau of Labor Statistics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In most economies, especially those going through a rebound, inflation (at some point) is a fact of life. Merchants, faced with the rising costs of inputs, whether raw materials or wages, tend to pass along at least some of those costs to their end consumers....
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...
