Americans slowed their spending spree in February, a sign that consumers are beginning to react to the runup in inflation. Consumption rose by 0.2% in […]
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Effects of Expired Child Tax Credit Reverberate for Families, Policymakers
When Alina McKnight’s middle daughter was experiencing a lack of motivation and mental health issues during the pandemic, her mother spent a little extra money […]
Could February’s durable goods order decline be a fluke?
Durable goods orders decreased in February following four consecutive months of increases, which is likely due to the lingering effects of the omicron variant, but […]
February Retail Sales Modestly Rise as Inflation Ensnares Consumers
Retail sales rose modestly last month as Americans continued to worry about inflation and rising food and gas costs. February retail sales were up 0.3 […]
Inflation Hits 40-Year High: Energy, Food, Housing Costs Drive 7.9% CPI Increase
Inflation hit historic highs last month as lingering supply chain issues and global tensions over Russia’s war with Ukraine dashed policymakers’ hopes that consumer prices […]
U.S. Trade Deficit Swells To New Record
The U.S. trade deficit swelled to a record high at the start of 2022, the latest sign that American demand for foreign-made goods has continued […]
Spending Jump in January Signals Economic Optimism, Tempered by Inflation
Americans went on a spending spree in January despite a wave of Coronavirus cases, indicating strong economic recovery as the pandemic recedes. Spending on goods […]
Low inventory pushes home price increases to 34 year high in 2021
Low inventory and high demand fueled historic gains for the real estate market in 2021. Nationwide home prices increased 18.8% from December 2020 to December […]
Independent Builders are Feeling the Crunch of High Lumber Prices and Scarcity of Supplies
by Juliet Jeske 6/6/21 Don Stockell, a custom home builder in Eureka, Missouri gets a lot of phone calls from potential new clients these days. […]
Five Things to Look for in the May ISM Report
by Juliet Jeske May 31, 2021 The Institute for Supply Management’s Report on Business releases details on the U.S. manufacturing sector on Tuesday. Economists predict the […]