Have American consumers reached burn out? getty The National Retail Federation has gushed over the resiliency of the U.S. economy and the American consumer ever since retail opened up after the pandem...
Tag: Consumer spending
Jim Bianco warns stocks face serious competition
Traditional savings accounts are going up against stocks. And, the winner may be your neighborhood bank for the first time in years, according to Wall Street forecaster Jim Bianco. He contends rising ...
Consumer Forecast 2023-2024: Growth Now, Recession Later
Income rose more than spending due to pandemic stimulus. Dr. Bill Conerly based on data from U.S. Bureau of Economic Analysis The past gap between consumer income and spending—savings—presents the mos...
What Is An Earnings Recession, And How Does It Affect Stock Prices?
getty Key takeaways An earnings recession may be imminent as consumer spending slows and high costs undercut profits on Wall Street As inflation and layoffs continue, talk of an earnings recession has...
Mastercard Exceeded Earnings Expectations, But Will Consumer Spending Remain Resilient?
LightRocket via Getty Images Key takeaways Mastercard’sMA numbers were stronger than anyone was expecting for Q4 2022 The company has an optimistic outlook for 2023, predicting that consumer spending ...
Key Fed measure eased, spending also declined
Egg shelves are seen with a note apologizing to customers for the price increase after the reduction in productivity brought on by poultry fatalities caused by various illnesses, in San Mateo, Califor...
JPMorgan’s Kolanovic sees correction, hard landing
JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, tell...
Retail Sales Slowed As 2022 Ended. What Does That Mean For 2023?
An Empty Parking Lot on a Cold, Rainy Night – with Vacant Parking Spaces and a Thick Mist Gathering … [+] Under the Lights getty Economic forecasting is an inexact science, as the National...
Beauty Farm IPO Soars By 53% On Hopes China Spending Poised To Recover
Shoppers and visitors walk along Nanjing Road shopping street in Shanghai last July. Consumer … [+] spending may get a boost this year from the end of the country’s “zero-Covid”...
Morgan Stanley’s Mike Wilson issues correction warning
Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even though a majority of insti...
Consumers Have Cash and Confidence
Merry Christmas, Retailers and Brands: Consumers Have Cash and Confidence getty Latest stats on the consumer economy betray a year of hair-on-fire headlines about inflation and recession There ought t...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...
Inflation peaked but will remain above pre-Covid levels: Mastercard
Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. “...
Wall Street thinks inflation peaked. Main Street expects more pain
Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty Images More players in the stock market and among the ranks of professional economist...
Consumer Confidence Slips Into The Holiday Season
Getty Images Key takeaways Consumer confidence fell for the second consecutive month in November as high inflation dogs consumers entering the holiday season Though holiday spending is off to a strong...
Consumer Demand Is Strong, But Shoppers Expect Bigger Discounts?
Consumer Demand Is Strong, But Shoppers Expect Bigger Discounts? Getty Images With all the challenges retailers face this holiday season — inflation and inventory glut topping the list — here’s an ano...
Reasons to say ‘no’ to a store credit card offer this Black Friday
Prostock-studio | Istock | Getty Images In the rush at the store checkout this holiday season, you may be tempted to say yes when asked if you want to apply for a store credit card — especially if you...
Inflation Eases, Consumers Spend, Jobs Multiply
Retail’s Christmas Miracle: Inflation Eases, Consumers Spend, Jobs Multiply getty Keep the champagne on ice for now, but the people have spoken, and the message seems clear — we’ve gotten used to expe...
The Economy Is Sick
Stocking up when you can. (Photo by Justin Sullivan/Getty Images) Getty Images Despite official reassurances that the economy is doing well, still upbeat hiring statistics, and a modest rise in third ...
Returning Interest Payments May Drag On Consumer Spending In 2023
How much will a return to interest payments on student loans impact the U.S. consumer? (Photo by … [+] Erik S. Lesser/Getty Images) Getty Images Interest payments on federal student debt will re...
Elite NYC restauranteur on why luxury spending won’t make people happy
Gift-giving can be a good way to learn how good you are at hospitality. And if you think success comes down to the amount being spent, you are setting yourself up for failure, according to one of the ...
Retailers Should Expect A ‘Ho-Ho-Hum’ Holiday 2022
Frustrated Santa Claus. Santa Claus suffering from headache. getty The National Retail Federation just released its Holiday 2022 forecast predicting that November and December retail sales will advanc...
Credit Card Loans Back To 2019
Credit cards, the common purchasing tool getty Per The Wall Street Journal (Oct. 29-30): “Credit-card debt recently reached a new milestone: It returned to where it was before the pandemic.̶...
Why Consumers May Be in Better Shape Than We Think
Why Consumers May Be in Better Shape Than We Think getty Economists’ expectations for a downturn in the next year are so high that the recent good news — the economy grew at a 2.6% annual rate in the ...
Opinion: The limit for 401(k) contributions will jump nearly 10% in 2023, but it’s not always a good idea to max out retirement investing
The federal government will allow you to save nearly 10% more for retirement in 2023. But it’s not likely that many will take advantage of the tax break. The simple reason: Most people don’t make enou...
Bank of America CEO Brian Moynihan says the U.S. consumer is healthy
Pedestrians pass in front of a Bank of America branch in New York. Mark Kauzlarich | Bloomberg | Getty Images Consumers are financially resilient, despite high inflation and concerns the U.S. is neari...
Opinion: Hardship withdrawals from a 401(k) will get easier soon, but not quite yet
If you’re getting crushed by inflation and you have any money sitting in your 401(k), you may be wondering how you can get at it. In that kind of situation, something called a “hardship withdrawal” so...