by Olivia Morley | Mar 19, 2021 | Economy, Featured, Retail Sales
Retail sales declined in February as consumers pulled back after a stimulus-fueled splurge in January and as freezing temperatures plagued Texas and other Southern states. Sales declined 3 percent, a larger decrease than expected and a stark contrast to January’s 7.6...
by Angela Palumbo | Feb 28, 2021 | Economy, Featured, Personal Income
Personal income had its biggest increase since April last month, the result of government aid in the form of stimulus checks going out to millions of Americans, continued unemployment benefits and other pandemic response programs. Personal income rose 10 percent in...
by Olivia Morley | Feb 22, 2021 | Economy, Featured, Retail Sales
Retail sales rose significantly in January, a sharp departure from a three-month decline and a promising sign that the economy is rebounding. Sales increased by 5.3 percent, indicating a rise in consumer spending that far surpassed the average 1.18 percent increase...
by Minji Koo | Apr 9, 2020 | Consumer Price Index, Economy
The Bureau of Labor Statistics will release its measure of the March average of prices of a basket of consumer goods, such as food, housing, and medical care on Friday. Economists predict that the consumer price will drop 0.3%, the first decline since -0.1% in March...
by Karishma Vanjani | Mar 25, 2019 | Economy, Featured, Retail Sales
Retail sales stabilized in January but didn’t rebound from the surprisingly low December numbers, signalling the economy is off to a sluggish start in the first quarter. Overall sales rose a seasonally adjusted 0.2% in January, pushed up by purchases made...