Consumer spending has been strong in 2023 despite higher prices and waning savings. But some retailers have jitters heading into Black Friday.
Category: Consumer Behavior
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Retailers Wary of Squeeze on Shoppers Ahead of Key Holiday Season
Consumers have bucked expectations despite high inflation and interest rates, but retailers worry whether they can keep it up through the end of the year.
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Mint, One of the First Budgeting Apps, Is Shutting Down
Intuit, which acquired Mint in 2009, is encouraging users to switch to Credit Karma, its money management and credit score service.
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Holiday Retail Sales Are Expected to Increase, but at a Slower Pace
Spending in that crucial period is predicted to rise 3 to 4 percent from last year, as the economy cools and demand normalizes.
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What to Watch for as the Federal Reserve Meets This Week
Central bankers are expected to leave interest rates steady at a 22-year high of 5.25 to 5.5 percent. Investors are looking for hints at what’s next.
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Halloween Shoppers Not Spooked as Economic Slowdown Remains Elusive
From apple picking to skeleton cows, early seasonal spending seems solid. It’s the latest sign that Federal Reserve policy to combat inflation hasn’t tanked growth.
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Consumers Kept Spending in September, as Inflation Held Steady
Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.
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Inflation Held Steady in September, While Consumers Spent Robustly
Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.
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U.S. Economic Growth Accelerated in the Third Quarter
Gross domestic product expanded at a 4.9 percent annual rate over the summer, powered by prodigious consumer spending. But the pace is not expected to be sustained.
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How High Interest Rates Sting Bakers, Farmers and Consumers
Everyone who relies on credit in America is confronting a new reality: Money will cost more for a good long while.
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Feeld Dating App Finds Another Niche: Those Who Love Directness
Feeld, the kink- and queer-friendly dating app, has carved out a niche for customers looking for something unusual in potential romantic partners — honesty.