The latest figures, for April, suggest that rising prices, high interest rates and depleted pandemic savings may finally be weighing on spending.
Consumer card spending slowed to 1.6 per cent growth in April, down from 1.9 per cent in both March and February, and below the latest CPIH inflation rate.
Walmart (WMT) posted its first-quarter earnings report revealing revenue that beat expectations and showed a growth in its e-commerce arm. Comparable sales and transactions rose 3.8% in the US, while the average ticket price was flat. Walmart CFO John David Rainey joined Yahoo Finance to give insight into the state of the consumer from Walmart's perspective, claiming consumers' wallets are "stretched." Yahoo Finance's Rachelle Akuffo joins Wealth! to break down the numbers behind Walmart's...
U.S. producer prices increased more than expected in April amid strong gains in the costs of services and goods, indicating that inflation remained elevated early in the second quarter. The producer price index for final demand rose 0.5% last month after falling by a downwardly revised 0.1% in March, the Labor Department's Bureau of Labor Statistics said on Tuesday. Financial markets expect the Federal Reserve to start its easing cycle in September, though some economists believe the first...
Economists had forecast a 0.3 percent increase in the month-t0-month figure and a 3.4 percent rise over 12 months. | Economy
Inflation dropped by one-tenth of one percent in April, according to the Labor Department.
Policymakers have been surprised by stubborn price growth, which they hoped to bring down to 2%, in recent monthsInflation across the US eased slightly last month as concerns about the cost of living loomed over the battle between Joe Biden and Donald Trump for the White House.The closely watched consumer price index (CPI) rose at an annual rate of 3.4% in April, down from an annual pace of 3.5% the previous month. Continue reading
April continued the year's warm streak, with 2024 ranking as the fifth-warmest year on record for the nation so far.
U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, dropped to 67.4 this month from a final reading of 77.2 […]
WASHINGTON (AP) — Consumer sentiment fell sharply in May to the lowest level in six months as
April's CPI report is one of the most important data points the Federal
China's consumer prices rose for the third month in April, while producer prices continued to fall, highlighting ongoing economic challenges.