The Conference Board said that its consumer confidence index fell to 97.0 this month, the lowest level since July 2022, from a downwardly revised 103.1 in March. "Confidence retreated further in April as consumers became less positive about the current labor market situation, and more concerned about future business conditions, job availability, and income," said Dana Peterson, chief economist at the Conference Board in Washington.
/PRNewswire/ -- The Conference Board Consumer Confidence Index® deteriorated for the third consecutive month in April, retreating to 97.0 (1985=100) from a
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year. | Economy
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with
Economic sentiment in Cyprus improved mildly in April after two months of deterioration, as the University of Cyprus Economic Sentiment Indicator (ESI-CypERC) increased by 0.8 points compared with March. Having risen to 105.4 in January, the third highest figure during the past 12 months, the ESI retreated to 103.3 in February and 102.1 in March, rising again to 102.9 in April. The increase in the ESI-CypERC compiled by the university’s Economics Research Centre was driven by gains in business...
Rents in 18 of America's 50 largest metros have seen rents go up this year. New report by Realtor.com shows tenants in Chicago have seen the biggest hike. Rents have been a key driver of inflation,
Inflation in the Netherlands cooled to 2.7 percent in April, Statistics Netherlands (CBS) reported in a first estimate. Inflation was lower than in March, when daily life became 3.1 percent more expensive than a year earlier. In February, inflation was 2.8 percent
NXP Semiconductors beat analyst estimates for earnings and matched views on
Split-payment or installment plans such as buy now, pay later (BNPL) enable consumers to shop more strategically, buying items one day and paying for them with a set schedule of payments over time to better manage their budgets. According to PYMNTS Intelligence’s “Divided, Not Conquered: Acquirer and Merchant Confusion Clouds Split-Payments Landscape” report, a collaboration […]
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.]]>
All of Us Strangers movie from Searchlight Pictures, directed by Andrew Haigh, will be available in Romania from April 24, only on Disney+. The cast includes: Andrew Scott, Paul Mescal, Jamie Bell and Claire Foy. One night, Adam unexpectedly meets his mysterious neighbor Harry in his flat in London, and this occurrence completely changes their […]