News
Consumer confidence inches up on brighter view of job market
3+ hour ago (457+ words) The slight gain in confidence reflects consumers" caution as economic data telegraph mixed signals. "Consumers" write-in responses on factors affecting the economy continued to skew towards pessimism," Peterson said. "Comments about prices, inflation, and the cost of goods remained at…...
Economic data point to soft start to 2026, Conference Board says
5+ day, 3+ hour ago (349+ words) The U.S. economy, while continuing a nearly six-year-old expansion, has spun off mixed signals in recent months. Weakness in the labor market prompted the Federal Reserve to cut borrowing costs by a quarter percentage point three times in the final months…...
Fed officials voiced concern inflation persists above 2% target
6+ day, 10+ hour ago (408+ words) Several central bankers at a policy meeting last month warned against giving any hint of a weaker commitment to pushing down price pressures. Fed officials, while holding the benchmark rate at a range between 3.5% and 3.75%, warned against giving any hint…...
Inflation slows to 2.4% amid persistent worry about affordability
1+ week, 4+ day ago (544+ words) Traders in interest rate futures, responding to cooler-than-forecast inflation, expect a faster pace of monetary policy easing than they did on Thursday. Traders in interest rate futures, responding to the slower-than-forecast inflation data, expect a faster pace of monetary policy…...
US companies, consumers bear nearly 90% of tariff costs: New York Fed
1+ week, 5+ day ago (448+ words) Recent studies challenge President Donald Trump's assertion that foreigners, rather than working Americans, will end up paying the highest import taxes since the 1930s. President Donald Trump for months has said that foreigners, rather than U.S. companies and consumers, pay the tariffs,…...
Unemployment falls to 4.3% as hiring surges beyond expectations
1+ week, 6+ day ago (507+ words) Responding to the surprising strength in the labor market, traders in interest rate futures expect a slower pace of easing by the Federal Reserve this year than they did on Tuesday. Futures traders now see 26% odds that policymakers will hold…...
Flat retail sales confirm slump in consumer sentiment
2+ week, 3+ hour ago (565+ words) Weak retail spending and a gloomy mood among households contradict forecasts that economic growth will remain solid in coming quarters. Soft retail spending and indications of a gloomy mood among U.S. households contradict the upbeat message from resilience in the stock…...
Consumers without stock holdings harbor ‘dismal’ outlook: survey
2+ week, 4+ day ago (508+ words) Results from a University of Michigan survey line up with a post-pandemic income trend " wealthy consumers are thriving while many other households are struggling. The university's survey results line up with a so-called K-shape income trend since the end of…...
Service industry grows at fastest pace since Oct. 2024, ISM says
2+ week, 6+ day ago (583+ words) Growth in services aligns with the ISM's purchasing managers index of manufacturing activity, which last month increased to the highest level since August 2022. The rise in the services index aligns with a gain in the ISM purchasing managers index of…...
4 CFO tips for thriving despite volatile dollar, end of ‘Pax Americana’
3+ week, 6+ hour ago (1768+ words) The dollar, battered by disruption to the rules-based global order, stands at center stage in an unfolding drama of market volatility. "American exceptionalism," the catchphrase that compelled investors to drive up U.S. asset prices from 2023 until early last year, has given…...