The U.S. trade deficit in goods and services is expected to have hit a fresh high in March at $107 billion, potentially setting the stage for a further cooldown in economic growth. Here is what to watch in the March trade balance report, set for release by the Bureau of […]
The Commerce Department will release its personal income and outlays report on Friday, which includes economic temperature checks like consumer spending and inflation. Analysts expect that consumer spending increased 0.6% in March, an uptick from the previous month, as demand remains high despite precipitous price increases. Increased consumer spending indicates […]
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 […]
The US Commerce Department will publish its March durable goods advanced report Tuesday at 8:30 a.m. EST. Economists are spread wide on what they expect to see since February’s report was the first significant decline in more than a year. Here’s what to watch for: Slow growth and possible recession […]
S&P CoreLogic will release the monthly Case-Shiller Home Price Indices on Tuesday, which track changes in housing prices across the nation. Economists surveyed by Bloomberg anticipate a 1.5 percent month-over-month increase and 19.20 percent year-over-year increase – slightly up from the prior month – for the 20-city composite. Here’s what […]
Inflation accelerated in March as energy prices soared, evidence that Russia’s invasion of Ukraine and Western sanctions added fuel to the fire that’s burning American consumers. The Consumer Price Index (CPI) rose 8.5% in the 12 months through March, the largest 12-month increase since 1981, the Bureau of Labor Statistics […]
The Census Bureau will release the advance monthly retail sales report for March on Thursday. Retail sales are projected to rise 0.6 percent, according to a survey of Bloomberg analysts, indicating that inflation and higher prices will primarily fuel rising sales. Here are five things to watch out for in […]
By the time the cargo ship made it to India last summer, the container of apples from the U.S. had started to rot. The overseas trip had taken more than two months, about double the amount of time expected in past years. After an inspection at the port, the Indian […]
The U.S. trade deficit held near its record high in February, just before the Russian invasion of the Ukraine pushed the prices of commodity exports and imports dramatically higher. The trade deficit in goods and services narrowed by 0.1% to a seasonally adjusted $89.19 billion, according to data released by […]
In early March, Mayte Molina, 34, did a double-take at her higher-than-normal supermarket bill. Quickly adding how it would offset her weekly budget, she put a handful of her usual items back. Since then, Molina’s daily shopping run has turned into every three to four days to stretch out her […]
