Tag: Consumer Spending
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Cooler Economy, Cooler Inflation: What the Latest Reports Say
Recent government reports indicate a cooling economy and a potential slowdown in inflation, but experts caution against premature relief for Americans facing high prices and borrowing costs. Expert Insights WalletHub Founder and CEO Odysseas Papadimitriou advises Americans not to expect imminent rate cuts, urging them to adjust their finances to cope with persistently high inflation…
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Americans Cut Back on Dining Out Amid Inflation Concerns
Amidst rising inflation concerns, Americans are altering their spending habits, particularly when it comes to dining out. This shift in consumer behavior is evident in the recent earnings calls of major fast-food and restaurant chains. McDonald’s and Starbucks Feel the Pinch McDonald’s CEO Chris Kempczinski highlighted during an earnings call that consumers are becoming more…
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Economic Confidence Index Dips in April
Gallup’s Economic Confidence Index experienced a decline in April after six consecutive months of stability, signaling potential concerns for the economic outlook. Negative Turn in Economic Confidence Trend The index, which measures economic sentiment on a scale from minus-100 to plus-100, recorded a notable decrease to minus-29, according to recent data released by Gallup. Bankrate…
