MNI Indicators released a report on Tuesday showing Chicago-area business unexpectedly contracted at an accelerated rate in the month of April. The report said the Chicago business barometer dropped to 37.
The U.S. economy has faced a months-long stretch of stubborn inflation.
US factory activity contracted in April on declining demand while input
US consumer confidence fell in April to the lowest since mid-2022 as
Consumer confidence fell sharply in April as inflation worries and a
US consumer confidence fell in April to the lowest since mid-2022 as Americans’ views of the labor market and their outlook for the economy deteriorated.
Total ad spend rose six per cent in 2023 to £36.6bn, although this translated to a 1.2 per cent contraction after accounting for inflation.
"The revival in consumer confidence speaks to a wider story of an economy that has turned the corner," Ian Stewart said.
Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate […]
Food recalls across the U.S. last year continued to rise following a drop during the pandemic, with nearly half due to undeclared allergens, according to a report released Thursday. The U.S. Department of Agriculture — which regulates meat, poultry, and eggs — and the U.S. Food and Drug Administration — which regulates all other foods — recorded a total of 313 food recalls and public health alerts in 2023, according to the report published by Public Interest Research Group. Public health alerts...
LOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A […]
Home loan rates have been mostly drifting higher after a string of reports this year showing inflation