2023-12-13 20:29:02 Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023. Kevin Lamarque | Archyde.com The Federal Reserve dialed back its inflation projections on Wednesday, seeing its … Read more
2023-11-24 11:30:01 Retailers have a challenge this season: Winning over holiday shoppers who are holding out for cheaper prices or other incentives to spend.That could increase the importance of promotional events like Black Friday and Cyber Monday.Companies have tried to create urgency with limited-time discounts, eye-catching merchandise or free events. Target hosted a free “Winter … Read more
2023-11-07 15:38:58 Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is the possibility of the golden path … that we got inflation down without a … Read more
2023-11-03 17:13:44 People walk through downtown Manhattan in New York City on Dec. 2, 2022. Spencer Platt | Getty Images News | Getty Images The labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.’, according to data released Friday by the Department of Labor. The overall … Read more
2023-10-05 19:54:06 Image source: Jaromila | E+ | Getty Images Consumers are still splurging for a side of fries with their meals. That can have a positive read-through for the economy. Frozen potato supplier Lamb Weston Holdings has seen the share of consumers ordering the iconic side with fast food meals — known as the … Read more
2023-08-31 21:24:44 Taylor Swift, Beyonce, Barbie, Oppenheimer Getty Images Consumer spending may not be out of the woods. Real spending is expected to come in 1.9% higher in the third quarter, helped in part by stadium tours from music superstars Taylor Swift and Beyoncé, as well as summer movie blockbusters “Barbie” and “Oppenheimer,” according to … Read more
2023-08-15 16:10:16 Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the month, the Commerce Department reported Tuesday. The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate. Excluding autos, sales rose a … Read more
2023-08-04 20:00:46 Jamie Grill | Getty Images Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread out her shopping across multiple paychecks. Still, the 31-year-old sees higher price tags on everything from backpacks to paper — and the summer ritual is squeezing her family … Read more