Consumer attitudes soured in May for the fourth consecutive month, even as President Donald Trump dialed back some tariffs. The reading came in below the level economists expected. Shopper sentiment now hovers near its lowest level since a severe bout […]
Consumer sentiment worsens despite Trump’s rollback of tariffs, survey says Read More »
Inflation cooled in the aftermath of President Donald Trump’s “Liberation Day” levies last month, dropping to a four-year low and defying fears of tariff-driven price hikes, government data this week showed. Even egg prices — a symbol of rising costs
Inflation is dropping but these prices are still soaring Read More »
WASHINGTON — When Federal Reserve officials last met in late January, things looked pretty good: Hiring was solid. The economy had just grown at a solid pace in last year’s final quarter. And inflation, while stubborn, had fallen sharply from
‘Stagflation’ risk puts Federal Reserve in tricky spot as it meets this week Read More »
US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount WASHINGTON — US shoppers stepped up
US shoppers modestly increased spending last month as concerns rise about economy Read More »
Shopping for a new home? Ready to renovate your kitchen or install a new deck? You’ll be paying more to do so. The Trump administration’s tariffs on imported goods from Canada, Mexico and China — some already in place, others
Tariffs on lumber, appliances set stage for higher costs on new homes Read More »
The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers leading into the spring homebuying season. The rate averaged 6.65% this week, up from
Average US rate on a 30-year mortgage edges higher, ending a seven-week slide Read More »
NEW YORK — Macy’s swung to a profit in the fourth quarter, though sales dipped with shoppers remaining cautious about spending. The strength of the quarterly profit surprised Wall Street, but sales were just below expectations and uncertainty about both
Macy’s Q4 is mixed and its 2025 outlook is tempered by tariffs and leery shoppers Read More »
Consumer confidence plummeted in February, indicating worry about the direction of the U.S. economy under President Donald Trump. A gauge of consumer confidence registered its largest monthly drop since August 2021, the nonpartisan Conference Board said on Tuesday. Meanwhile, the
Consumer confidence falters, signaling worry about economy under Trump Read More »
WASHINGTON — U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday, with inflation seemingly stuck and a trade war under President Donald Trump seen by a growing number
US consumer confidence plummets in February, biggest monthly decline since 2021 Read More »
Slightly more Americans applied for jobless benefits last week, but layoffs remained in the same recent healthy range. The number of Americans filing for jobless benefits rose by 5,000 to 219,000 for the week ending February 15, the Labor Department
Slightly more Americans apply for unemployment, but layoffs remain relatively low Read More »
