News
Consumer Sentiment Rises, but There Are Dark Clouds on the Horizon
10+ hour, 7+ min ago (609+ words) Buoyed by lower gas prices, U.S. consumer sentiment rose to a five-month high in early July, according to a popular survey from the University of Michigan. The preliminary reading of the Index of Consumer Sentiment rose nearly 10% to 54.4, up from 49.5 in…...
Inflation Eased in June, but There’s More in the Pipeline
3+ day, 9+ hour ago (590+ words) Inflation decelerated in June as oil prices tumbled following a ceasefire agreement in the Middle East, but the return to hostilities in recent days suggests that the relief could be short-lived. The Consumer Price Index rose by 3.5% on an annual…...
Deficit Nears $1.4 Trillion in Fiscal Year 2026
1+ week, 1+ day ago (261+ words) The federal budget deficit totaled $1.37 trillion in the first nine months of the current fiscal year, according to the latest monthly budget review from the Congressional Budget Office. The deficit estimate for 2026 surpasses the deficit of $1.34 trillion recorded over the…...
US Job Growth Slows in June, Unemployment Ticks Down to 4.2%
2+ week, 1+ day ago (462+ words) U.S. employers slowed their hiring last month and the unemployment rate ticked down to 4.2% as participation in the labor force dropped to the lowest in more than five years, according to data released Thursday by the Labor Department. The U.S. economy added…...
Fed’s Warsh Says Inflation Still Too High, but Now Poses Less Risk
2+ week, 2+ day ago (268+ words) New Federal Reserve Chair Kevin Warsh said Wednesday that inflation remains too high and emphasized the central bank’s commitment to staying independent and reining in price increases, despite pressure from President Trump to cut interest rates. “If there were people…...
Prices Jump Again in May, but Has Inflation Peaked?
3+ week, 1+ day ago (292+ words) A key measure of inflation rose in May, the Bureau of Economic Analysis reported Thursday, reflecting the ongoing economic impact of the war against Iran. The Personal Consumption Expenditures price index, which is the preferred inflation measure of the Federal…...
Inflation Roars as Iran War Jacks Up Energy Prices
1+ mon, 1+ week ago (594+ words) U.S. inflation accelerated in May for the third month in a row, as the Consumer Price Index rose 4.2% from a year earlier, the Bureau of Labor Statistics reported Wednesday. On a monthly basis, the index rose 0.5%. A spike in energy prices…...
Why Americans Are So Worried About Affordability
1+ mon, 2+ week ago (240+ words) Although the economy continues to show signs of remarkable durability in the face of threats from war, rising inflation and a tepid labor market, millions of Americans are downbeat about their own financial situations and prospects. Some recent economic data…...
Most Americans Are Cutting Back on Spending as Consumer Confidence Slides
1+ mon, 3+ week ago (703+ words) Here's your evening update. U.S. consumers are not feeling great these days. After a popular University of Michigan survey last week showed consumer sentiment falling to a record low, a survey released Tuesday by the Conference Board also shows that the…...
Consumer Sentiment Crashes to Record Low as Gas Prices Soar
1+ mon, 3+ week ago (193+ words) It turns out Americans really don’t like soaring prices for gasoline and other essential goods. A popular measure of consumer sentiment fell to a record low of 44.8 in May, according to data released by the University of Michigan on Friday....