Focus
consumer spending
Fed President Points to Several ‘Warning Signs’ for Economy
He singled out rising unemployment claims, increases in debt delinquency rates, and what seems to be cooling in consumer spending.
Rue21 Files for Bankruptcy, Closing Over 540 Stores
The company announced a ‘going out of business’ sale, offering items at a 30-50 percent discount.
Record Household Debt Suggests Consumers Facing Financial Strain
A resilient consumer could become a more budget-conscious one this year, experts warn.
US Holiday Retail Sales Slow From Last Year, Mastercard Data Show
Consumer spending outlook for 2024 remains mixed.
Ex-Walmart CEO Says US Consumers Reaching Breaking Point
Political polarization, inflation, and high interest rates are all working together to undermine consumers and their propensity to spend, he warns.
US Economic Growth at 2.1 Percent in 2nd Quarter Because of Lower Business Spending
U.S. Economic Growth Revised To 2.1 Percent In Second Quarter, Due To Lower Business Spending.
