by James Van Bramer | May 20, 2023 | Featured, Personal Income
Kat Logan moved into a spacious studio apartment in Gramercy Park in 2018 for $2,500. During the pandemic, her rent held steady. Now, Logan is considering leaving New York City because of skyrocketing rents. “There’s this thought at the back of my mind...
by James Van Bramer | Apr 28, 2023 | Featured, Personal Income
Economists predict a slight decrease in Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, and a modest dip in consumer spending, in March’s personal income report set for release Friday. The predicted slowdowns...
by James Van Bramer | Apr 5, 2023 | Featured, Personal Income
Young people are already struggling financially, and the potential restart of student loan payments could make their road ahead even bumpier. While American households overall have emerged from the pandemic in strong financial shape, with plenty of savings and little...
by Impu Sehgal | Mar 24, 2023 | Featured, Manufacturing
Durable goods orders continued declining in February, signaling that the rising borrowing costs might be sparking trouble for the manufacturing industry. New orders for all long-lasting goods fell by one percentage point this month after plunging by 5% in January,...
by Tiara White | Mar 22, 2023 | Featured, Retail
After a strong month in January of consumer spending, retail sales decreased in February, an indication that the economy is slowly cooling, but inflation is still high, which may cause the Fed to raise interest rates. Retail sales decreased in February, indicating...
by Impu Sehgal | Mar 11, 2023 | Featured, Manufacturing
New orders for manufactured goods fell last month but remained strong— weathering the storm and signaling an expanding economy. New orders for durable goods sank by 4.5% in January, the biggest decline reported since April 2020, according to the Commerce Department....
