Consumer confidence is taking a hit, with the U.S. Index of Consumer Sentiment dropping to 64.7, down from 71.7 last month and significantly lower than 76.9 a year ago—representing a 9.76% decline in just one month and nearly 16% since last year
Read More Consumer Confidence Dips As ‘Biden-Flation’ Concerns Persist
Wealth advisor Eddy Gifford joins Alicia Summers to discuss what President-elect Donald Trump’s administration could do to tackle inflation.
Read More December Price Slowdown Offers Hope For Inflation Relief, But High Costs Still Strain Americans
Consumer sentiment rose to 71.8 in November, marking the fourth monthly increase, but fell short of economists’ expectations (73.5) and the earlier 73.0 preliminary reading taken before the election.
Read More Consumer Sentiment Rises but Misses Expectations
The latest jobs report reveals a disappointing addition of only 12,000 jobs this month, sharply down from revised figures of 223,000 last month, with economists attributing the decline to the ongoing Boeing strike and recent hurricanes.
Read More Headline: U.S. Jobs Report Falls Short of Expectations, Raising Economic Concerns
Inflation on the wholesale side rose twice as much as expected to 0.6% in February. The Labor Department’s report also shows PPI over the last 12 months ending in February hit 1.6%.
Read More Wholesale Inflation Soars in February: Wealth Advisor Weighs In
Strong jobs data coincides with planned mass job cuts. Today’s January jobs report showed that 353,000 jobs were added.
Read More January Job Report Reveals Robust Growth Amidst Economic Uncertainty