Electric Vehicles are Creating a New Manufacturing Industry Until a few years ago, the Red Roof Inn in Commerce, Georgia, was just a quiet stop […]
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Manufacturers Tighten Belts, as Banking Troubles Loom
Manufacturing orders saw reduced growth in February, the latest sign of an economy that is starting to cool in response to rising borrowing costs. Orders […]
Generation Y doesn’t save, and their debt continues to grow
As interest rates continue to increase credit card debt balances will cause strains to people in their 20s and 30s When the pandemic cut Dominique […]
After an Explosive Start to 2023, Retail Sales Cool Down in February
Retail and food services sales in the United States fell in February, as consumers returned to a pattern of relatively robust spending while coping with […]
First-time Millennial Homebuyers are Getting Older and Having Fewer Kids; Others Never Plan to Buy.
Once their first child came along, Matt and Liz Russo began to think they should buy a house in the suburbs of Syracuse, N.Y. Their […]
Inflation Continues to Decline but Remains Too High
The rate of inflation has continued on a downward trend since the summer, yet it remains too high for the Federal Reserve’s liking, meaning further […]
U.S. Home Prices Continued to Slow in December
The decline in U.S. home prices that began in June last year continued for the sixth straight month at the end of 2022, with higher […]
Manufacturing Orders Rise, Allaying Recession Fears
Purchases for most types of manufactured goods increased in January, an unexpected sign that the economy is still strong. Orders for core durable goods–long-lasting manufactured […]
Consumer spending increased, and so did the Fed’s benchmark
The personal consumption expenditures surprisingly rose while consumers increased their spending in January. Consumer spending increased and inflation picked up in January, likely setting the […]
Slight Ease in Inflation is Not Enough
The rate of US inflation is continuing to cool but not at a quick enough rate to change the Fed’s planned course of action. The […]