Tag: Consumer spending
China’s April Retail Sales Growth Falls Short, Consumption Concerns Persist
Citizens was shopping at a supermarket in Nanjing, East China's Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty ImagesChina's retail sales growth slowed in April, data from the National Bureau of Statistics...
China’s Retail Sales and Industrial Output Exceed Expectations
China's Economy Shows Resilience Amid Global ChallengesA bustling marketplace in Beijing paints a vivid picture of China's economic landscape, where retail sales and industrial output have exceeded expectations, offering a glimmer of hope in...
Effects of Tariffs on U.S. Consumer Inflation and Recession
Amid the bustling waterfront of Portland, Maine, U.S., shadows of shoppers fall on the pavement as they navigate the streets with their bags in tow. This picturesque scene belies a deeper truth - cracks...
China’s Consumer Inflation Turns Negative After 13 Months
China's Consumer Inflation Takes a Negative Turn After 13 MonthsChina's economic landscape experienced a significant shift in February as the national consumer price index (CPI) fell into negative territory for the first time in...
Impact of Penny Phaseout on Economy, Savings, & Pricing in America
The U.S. penny has been a topic of debate for years, but recent events have pushed the conversation to the forefront. President Donald Trump issued an order to halt the minting of new pennies,...
Record Low Three-Year Inflation Outlook in New York Fed Consumer Survey
Consumers in New York City are feeling more optimistic about inflation, according to a recent report from the New York Federal Reserve. While they still expect prices to rise in the short term, their...
Rising Food Delivery Fees Impacting Consumers: What You Need to Know
Food delivery services have become increasingly popular among American consumers, with apps like Grubhub, DoorDash, and Uber Eats dominating the market. However, with this convenience comes a cost that is impacting both customers and...
US Dollar Unsettled by Mixed PCE Data
The US Dollar, as measured by the DXY Index, faced some challenges in bouncing back after the release of mixed Personal Consumption Expenditures (PCE) data. There is uncertainty in the market regarding a potential...
US Economic Data Preview: GDP and PCE Inflation Ahead of July FOMC
The Federal Reserve is eagerly awaiting the release of key economic data this week to gain a better understanding of the current state of growth and inflation in the US. The upcoming Preliminary GDP...
China’s Annual Growth Target Likely to Be Missed – Economic Analysis and Forecast
The recent economic data from China has been disappointing, leading to a revision in the annual GDP growth forecast for 2024. The country's economy has shown a renewed downturn, with weak domestic consumption being...
Upcoming Economic Data Releases: US & UK Retail Sales, Japan, NZ, UK, and Canada...
The upcoming week from July 15th to 19th will be filled with various economic data releases and events that will impact the global markets. Here's a breakdown of what to expect:On Monday, the Chinese...
Understanding Deflation Trends in June 2024: A Visual Breakdown
Inflation has decreased significantly in the past two years, leading to some consumer prices deflating in the U.S. economy. Deflation refers to the rate at which prices are falling for consumer goods or services,...
China’s Consumer Price Index (CPI) Slows to 0.2% in June, Producer Price Index (PPI)...
China's Consumer Price Index (CPI) showed a slowdown to 0.2% year-on-year in June, dropping from the 0.3% year-on-year seen in May. This missed expectations of a 0.4% year-on-year increase. The Core CPI, which excludes...
Inflation Scare Over: Pandemic Perfect Storm | Forexlive
Global central bankers are currently fixated on fighting the ghost of inflation, despite the fact that the threat of inflation seems to have subsided and the risk of recession looms larger. ECB chief economist...
US PCE Inflation in Focus: Week Ahead Agenda – Action Forex
The focus next week will be on the core PCE inflation data in the US, which could confirm market expectations of two Fed rate cuts by the end of 2024. Despite the Fed's dot...
Forever 21 Seeks Rent Concessions Amid Financial Struggles
Forever 21, a well-known fast-fashion retailer with over 380 stores in the U.S., is facing financial struggles and seeking rent concessions from landlords. The company has reportedly asked some landlords to reduce its rent...
Apple discontinues buy now, pay later loan services in the United States
Apple has announced that it will no longer be offering loans through its buy-now-pay-later program, Apple Pay Later, in the United States. This decision comes as the tech giant plans to introduce installment loans...
Holiday Week Ahead: Retail Sales, Housing, and PMIs
In the upcoming holiday-shortened week, there are several key data highlights to look out for. The US retail sales report will be released tomorrow, followed by the UK CPI on Wednesday, and Japanese inflation...
Holiday Week Boosts Retail Sales in Wall Street Brunch
This week, Wall Street experienced a rare midweek holiday with the stock and bond markets closed for the Juneteenth Holiday on Wednesday. The four-day trading week usually means lower volume and added volatility, which...
Why Five Below is Struggling in 2021
Five Below, a discount retailer that has seen impressive growth since going public in 2012, is currently facing challenges in 2021. Despite expanding from less than 250 locations to over 1,600 stores nationwide, the...
British supermarkets set for Euro 2024 sales lift
British Supermarkets Anticipate Sales Boost Ahead of Euro 2024Market researcher NIQ has predicted that British supermarkets are poised to experience a surge in sales leading up to the Euro 2024 football championship, set to...