Retail Sales Surge as Prices Rise and Shoppers Keep Buying
Consumer spending jumped in January, which was good news for retailers but could weigh on the Federal Reserve’s efforts to tame rapid inflation.
Posted inCompany Reports Consumer Behavior Inflation (Economics) Pepsico Inc Prices (Fares, Fees and Rates) Procter & Gamble Co Unilever NV United States Economy
Big Brands Keep Raising Prices, With Limited Shopper Resistance
Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say that prices will remain high in the months to come.
Posted inBanking and Financial Institutions Consumer Behavior Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy Wages and Salaries
Smaller Rate Increase by Federal Reserve Likely as Inflation Cools
America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.
Posted inConsumer Behavior Federal Reserve System Inflation (Economics) Interest Rates United States Economy
Consumer Spending Slid Again in December
Fresh data offered more detail on how shoppers retrenched at the end of 2022.