“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.
Consumer
Personal Income, Consumer Spending rise significantly with the help of federal aid
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 […]
January Stimulus Checks Boosted Consumer Spending
“If households have more resources to spend, it clearly seems like they will spend them”- Michael Gapen
The coronavirus is shutting down essential facilities, are the coal mines next?
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 […]
Save, or Spend; what You Do with Your Stimulus Check Could Dictate the Future
When Sarah Harkness landed her first post-college job at a public relations firm in New York City, she was eager to get all the trappings […]
FIVE THINGS TO WATCH FOR IN MARCH’S CPI NUMBERS
Every month, the Bureau of Labor Statistics releases a consumer price index report detailing the monthly rise and fall in prices across the United States. […]
Widespread drug shortages are on the way, say experts
Erica Stewart, a stay-at-home mom, is one of the millions of Americans living with Lupus, an autoimmune disorder whereby the immune system attacks healthy cells. […]
US Manufacturing Takes Its Hardest Hit Since 2009
New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply […]
The missing story in February’s inflation numbers
Consumer prices increased slightly in February due to higher rents and food costs, but prices in the U.S. are expected to slow or even decline […]