Consumer Sentiment

May 10, 2024 The preliminary estimate of consumer sentiment for May plunged by 9.8 points to 67.4 as consumers worried that inflation might remain higher than expected for a protracted period, and that the Fed might not cut rates at any point in 2024. Surveys of...

Consumer Confidence

April 30, 2024 . The Conference Board reported that consumer confidence fell 6.1 points in April to 97.0 after having  fallen 1.7 point in March to 110.7 after declining 6.1 points in February. Chief Economist at the Conference Board, Dana Peterson, said “Confidence...

Personal Income and Consumption Expenditures — Monthly

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...

Consumer Net Worth

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...

Consumer Debt Service Ratio

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...

Consumer Loans

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...