Consumer

Five Things to Watch in the CPI Report for April

The Bureau of Labor Statistics will issue its Consumer Price Index report for April on Wednesday. The measurement, which tracks price movements across a broad range of goods and services, is expected to show the rate of inflation slowed slightly to 8.1% from 8.5%, according to a survey of Bloomberg […]

Consumer Prices Rise Again to 8.5% as Inflation Hits New 40-Year High

U.S. inflation soared to a 40-year high last month as geopolitical tensions drove up energy prices and supply chain hurdles compounded price pressures driven by consumer demand.  The Consumer Price Index rose 8.5% in March from a year earlier, overshooting the Dow Jones economists’ prediction that consumer prices would rise […]

Plan to rent a car soon? It’s best to start your search early

An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]

5 things to watch ahead of the March personal income release

The Bureau of Economic Analysis will release the personal income report from March on Friday, which is expected to show the most promising sign of economic recovery since the onset of the COVID-19 pandemic.  Impact of Stimulus Checks  The consensus amongst economists anticipates a personal income growth of at least […]

For Many Americans, Spending is on Their To-Do List

There is one thing on Amber Colon’s mind in the coming days, her birthday trip to Universal and Disney World in Orlando, Fla.  Like most Americans, Colon spent her first two stimulus checks on paying off her credit card bills and using it to support herself. However, the 23-year-old is […]

Five Things to Watch in the March Retail Sales Report

The March advance retail sales report will offer a gauge of consumer confidence in the economic reopening as the U.S. gets a hold on the coronavirus pandemic with rampant vaccine distributions.  Here are five things to watch in the monthly report out Thursday at 8:30 a.m. Eastern time: STIMULUS CHECKS  […]