Category Archives: Consumers

Financial FAQs Conference-Board.org Calling a recession at this time because we may have two consecutive quarters of negative GDP growth is almost irrelevant, because it may be over as quickly as the artificially induced 2-month recession in April-May 2020 (see … Continue reading →

Financial FAQs FREDretailsales U.S. retail sales rebounded strongly in June as Americans spent more on gasoline and other goods amid soaring inflation, which could allay fears of an imminent recession but not change the view that economic growth in the … Continue reading →

Financial FAQs Tradingeconomics.com Not all inflation endangers economic growth but the short answer is when inflation becomes so prolonged that consumers can no longer afford to consume. And that hasn’t happened yet, with consumer spending still at pandemic highs. The … Continue reading →

The Mortgage Corner FREDcpi Why do polls say we are going in the wrong direction and the economy isn’t doing well? Fifty-two percent of American adults say they are worse off financially than they were a year ago, according to … Continue reading →

Financial FAQs FREDpce Inflation hawks that keep calling for more Fed rate hikes see a recession coming. But what if inflation is already beginning to decline? The rate of inflation over the past year was unchanged at 6.3 percent in … Continue reading →