by sslifer | Apr 26, 2024 | Consumer
April 26, 2024 Personal consumption expenditures jumped 0.8% in both February and March. The consumer is still willing to spend despite worries about inflation and the pace of Fed tightening. What we are really interested in is “real” or inflation-adjusted...
by sslifer | Apr 4, 2024 | Consumer
April 4, 2024 .Consumer net worth jumped 12.8% in the fourth quarter of last year. after declining 3.7% in the third quarter Over the past year consumer net worth has increased 8.0%. The growth in net worth reflects both the steady increase in stock prices during the...
by sslifer | Apr 4, 2024 | Consumer, NumberNomics Notes
April 4, 2024 Consumers debt service payments relative to income rose somewhat in the fourth quarter to 9.8%, .Consumer debt in relation to income is slightly higher than it was a couple of quarters ago as the result of a rapid increase in credit card debt. But the...
by sslifer | Apr 4, 2024 | Consumer, NumberNomics Notes
April 4, 2024 The economy has been chugging along at about a 2.5% pace. Consumer loans growth in the past year has been climbing at a roughly comparable 2.9% pace. Nothing too surprising with the extent of consumer borrowing from banks. Rather than borrowing from a...
by sslifer | Mar 28, 2024 | Consumer, NumberNomics Notes
March 28, 2024 The .final estimate of consumer sentiment for March rose 2.5 points to 79.4 compared to the preliminary estimate which showed a decline of 0.5 point. Surveys of Consumers Director Joanne Hsu said, “.Critically, consumers exhibited confidence that...
by sslifer | Feb 27, 2024 | Consumer, NumberNomics Notes
February 27, 2024 . The Conference Board reported that consumer confidence fell 4.2 points in February to 106.7 after rising 2.9 points in January. This was the first decline after rising for three consecutive months.. Chief Economist at the Conference Board, Dana...
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