by Divya Murthy | May 15, 2023 | Economy
The Census Bureau will release data on retail sales for April on Tuesday, with most economists predicting a weak report for the month. High prices and slowing wage growth will continue to dampen spending, which economists expect will either post a modest increase or...
by Divya Murthy | May 13, 2023 | Economy
Roscoe has worked at the Sterling Heights Stellantis plant for 12 years, building the Ram1500 TRX pickups. In the coming years, he’s cautiously optimistic about building and tinkering with a new beast: the EV, as auto plants in Michigan and beyond reorient their...
by Divya Murthy | Apr 5, 2023 | Economy
When Heaven Richardson received her tax refund of $3,000 last year, she had enough to put some away into an emergency fund and some away for a special occasion. She had money to rent out a hall for her daughter’s second birthday party along with extra gifts. The theme...
by Divya Murthy | Mar 19, 2023 | Consumer Price Index, Economy, Featured, Retail Sales
A post-holiday hangover clouded retail sales last month as resilient but weary consumers corrected their outsize January spending, holiday discounts faded and an air of caution returned, heightened by still high prices and rising interest rates. Retail and food...
by Divya Murthy | Feb 19, 2023 | Consumer Price Index, Economy, Retail Sales
Photo by Heidi Fin on Unsplash U.S. retail sales bounced back at the start of the year, a sign of consumers’ faith in the economy even in the face of inflationary pressures and the low-hum of recession fears: People are shopping. People are going out to eat....
