by Evelin Fajardo-Alvarez | Apr 4, 2024 | Economy, Retail Sales
Retail sales have not fully recovered from a harsh January dip, but a rebound in February shows continuous consumer spending. Advance monthly retail sales and food services increased by 0.6 percent, in February, to a seasonally adjusted $700.7 billion according to the...
by Diana Escamilla Fuentes | Apr 3, 2024 | Economy, International Trade
Economists surveyed by Bloomberg expect a modest shrinkage in the deficit, from February’s number of $67.4 billion to $67.28 billion for April’s report. The last two international trade reports have shown that U.S. consumer spending remains strong. In February, the...
by Diana Escamilla Fuentes | Apr 3, 2024 | Economy, Featured, International Trade
When India implemented a 20% tariff on top of an existing 50% tariff on U.S. apples in June 2019, Brian Norwood saw a major drop in the exportation of Washington state apples to India. Before the additional tariffs were enacted, Brian Norwood, export sales manager for...
by Eliot Force | Apr 2, 2024 | Economy
When mortgage rates dipped late last year, real estate agents John and Robert Farrell saw more sellers coming to them and thought the unbalanced housing market might be beginning to normalize. Those hopes quickly faded. As far as demand is concerned, business has been...
by Carlos Garcia | Apr 1, 2024 | Economy, Featured
In poll after poll, Americans say they feel bad about the economy. Yet they are gambling like they have excess money to spend. Consumer sentiment reached a record low in July 2022, and while it has improved somewhat since then, it is still nowhere near its...
by Carlos Garcia | Apr 1, 2024 | Economy
Inflation continued to ease in February but is still above the Fed’s target to cut interest rates. Consumer prices, as measured by the Personal Consumption Expenditures Index, rose 2.5% since last year. Core prices, which excludes food and energy, increased at a...
