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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
“It suggests that consumers are in a generally good shape, we’ve had the fiscal stimulus checks now for those at the lower end of the income spectrum,” Scott Brown, chief economist at Raymond, James and Associates Inc.
Personal income surged in January as Americans received $600 stimulus checks, leading to new optimism about the nation’s recovery from the pandemic. The monthly report issued by the Bureau of Economic Analysis for January noted a personal income increase of 10%, the second largest on record, was aided by federal […]
“If households have more resources to spend, it clearly seems like they will spend them”- Michael Gapen
Erica Stewart’s husband is a coal miner in West Virginia. Every day he goes to work packed shoulder to shoulder with other miners with little precautions taken against the coronavirus. Stewart, a mother of six, is at increased risk of severe illness and death from the virus due to an […]