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About Keith Molyneaux

Posts by Keith Molyneaux…

Weak Retail Sales and Slumping Sentiment Point to Stretched Consumers

American consumers are souring on the economy and spending less than expected, calling into question how much longer they can continue powering the U.S. economy’s impressive growth. U.S. retail sales, which includes spending in-store, online, and at restaurants, rose by a seasonally adjusted 0.6% in February as compared to the month prior, according to the […]

Inflation Ticks Up in February as Price Pressures Prove Persistent

Inflation rose more than expected in February, likely pushing the data-dependant Federal Reserve to maintain its “wait and see” approach when it comes to cutting interest rates. The consumer price index (CPI) rose 0.4% last month from the month before, according to the Bureau of Labor Statistics. The figure matches economists’ forecasts but represents an […]

Nearly Half of Young Americans Struggle with ‘Money Dysmorphia’

“Keeping up with the Joneses” has always been a concern for American consumers. Seeing a fancy car in a neighbor’s driveway or hearing about a friend’s luxury vacation can make people feel like they are falling behind financially. In the digital age, however, “the Joneses” are all around us. Scrolling through social media and seeing […]

Rising Long-Term Inflation Expectations Complicate Fed’s Path

American consumers are increasingly doubtful that the Federal Reserve will be able to achieve its long-term goal to tamp down inflation, according to a recent survey from the New York Federal Reserve. The most recent Survey of Consumer Expectations found that consumer’s near-term expectations of inflation remain moderate. The survey found expectations for the next […]

Labor Market Beats Expectations Again, but Signs of Cooling Emerge

The U.S. labor market remained red hot in February as job creation numbers crushed expectations, but cooling wage growth and climbing unemployment point to a slowdown. The mixed report is welcome news for the Federal Reserve’s attempts to achieve a soft landing for the economy. U.S. employers added 275,000 jobs last month, far above the […]