Debt rose to more than $1 trillion in the second quarter, a report found — a sign of financial strain for some, even before student loan payments resume.
Category: Consumer Behavior
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Walmart Records Strong Sales as It Draws More Shoppers
The retail giant raised its forecasts for revenue and profit this year, as it attracts consumers seeking cheaper groceries and other essentials.
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Fed Officials Avoided a Victory Lap at July Meeting
Federal Reserve officials raised interest rates at their July 26 meeting, but investors doubt that they will lift them again this year.
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China’s Woes Loom Large Over the Global Markets
A downturn in the world’s second biggest economy, and growing fears about its real estate sector, are making investors jittery.
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We’re Drinking More Water. How to Hold It: That’s the Question.
Americans are drinking more water. How best to contain it: That’s the burning question.
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How Long Will Companies Keep Raising Prices on Consumer Goods?
As companies reported their latest quarterly earnings, their executives were frequently asked about their next moves on pricing.
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Apple Revenue Drops 1% but Tops Wall Street Expectations
The iPhone maker’s recent quarter benefited from strong sales in its App Store and other services businesses.
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Is Good News Finally Good News Again?
Economists had been wary of strong economic data, worried that it meant inflation might stay high. Now they are starting to embrace it.
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China Details Plans to Stimulate Consumer Spending
The central government listed measures aimed at prodding people to open up their wallets, but absent was how much it will spend to support the stimulus plan.
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Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling
Pay and benefits increased 1 percent, down from 1.2 percent in the first three months of the year. The cooling will be welcomed by policymakers who have been worried that rapidly rising wages could make it harder to get inflation under control.
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The Fed’s Preferred Inflation Measure Cooled in June
The Personal Consumption Expenditures index moderated, even as consumer spending data looked strong.
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GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.