Tags » Consumer Spending

Fed Stays in Accommodative Mode

Popular Economics Weekly

It looks like Janet Yellen’s Fed will continue to keep interest rates low this year, based on the latest FOMC press release. This is great news for the housing market, in particular, but not necessarily for consumers that continue to save more than they are spending, for fear of another economic slowdown. 589 more words

Weekly Financial News

Why cheap oil hasn't saved the US economy

Cheaper oil boosts an economy. It’s Econ 101. But while growth has been chugging along in America, it hasn’t been as vigorous as you’d expect with a 60% drop in oil prices since 2014.  612 more words

The Elusive Boost from Cheap Oil | Economic Research

Sylvain Leduc, Kevin Moran, and Robert J. Vigfusson in the FRBSF Economic Letter:

Why has consumption not responded more to cheap oil? Clearly, the U.S. economy was buffeted by headwinds over the past year, like weak foreign growth and the substantial appreciation of the dollar, that may have masked the positive effects of cheaper oil.

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Economy

Retail and tourist footfall: Was the weather all that went wrong in March?

2016 isn’t shaping up to be a stellar year for retailers. It didn’t start well with stock markets mayhem making a lot of people nervous. But a partial recovery since then held out some hope… until retailers and luxury companies started giving us their financial results, that is. 666 more words

Retail

As Carly Simon Used to Sing, "We Can Never Know About the Days to Come..."

However, that doesn’t stop anyone from making educated guesses about the future of companies, financial markets, and economies. As we enter the second quarter, investment and business professionals have been offering their insights: 296 more words

Market News

Record Low Rates Spur Consumer Debt, But Not Spending

The Mortgage Corner

Consumer credit rose a very large $17.2 billion in February with January revised higher to $14.9 billion, says the Federal Reserve. Nonrevolving credit, which are gains for vehicle financing and student loans, rose $14.2 billion and revolving credit, where credit-cards are tracked, rising the smallest amount as usual with a gain of $2.9 billion. 535 more words

Weekly Financial News

This Shows Why Consumers Are Bogged Down, by Wolf Richter

From Wolf Richter at wolfstreet.com:

The stagnation zone

Our ever exuberant US consumers spent on average $89 a day in March on “discretionary” items, according to Gallup’s Daily Tracking survey. 311 more words

Business