The Federal Reserve’s fight against inflation has hit something of a speed bump, Though down substantially from its most recent peak in July 2022, inflation has proven to be “sticky” in recent months. The consumer price index (CPI) showed that prices were up 3.2% from a year earlier in February, higher than expected and still […]
The spring homebuying season got off to an early start this year, as sales unexpectedly spiked in February amid a rising inventory of homes for sale on the market. Sales of pre-existing homes, which account for the bulk of the housing market, jumped 9.5% in February from the month prior for a seasonally adjusted annualized […]
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 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 […]
“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 […]
