Aus Consumer News Today

The latest survey by The Conference Board revealed a decline in US consumer confidence, reaching its lowest level since July 2022. The consumer confidence index fell to 97.0 in April, below analysts expectations of 104.0. Concerns about future financial conditions and the job market contributed to the decline, despite positive views on the current situation. Consumers expressed worries about elevated prices, especially for food and gas, while politics and global conflicts were secondary concerns...

"Decembers increase in consumer confidence reflected more positive ratings of current business conditions and job availability," said Dana Peterson, chief economist at The Conference Board, the research group that published the survey. The largest gains were seen among householders aged 35-54, "and households with income levels of $125,000 and above," she added.

Barclays is cutting staff in its U.S. consumer banking division as part of its ongoing cost-cutting efforts. The job cuts represent about 3% of employees in the division. The bank stated that it regularly reviews its business to operate more effectively and efficiently. Barclays recently announced plans for further restructuring as it aims to reduce costs and increase profits. The banks shares fell 6% following the announcement.

Fed rate hike expectations for November 1st stand at 18.6% vs 30% from a week ago Germany IFO Business climate declines for a fifth straight month 10-year

Fed expected to keep rates on hold on September 20th 10-year Treasury yield eases back to 4.248% as 4.36% remains key resistance US retail sales are expec

A closely-watched survey on US consumer sentiment has shown the spending appetite of Americans at its highest in two years, a move economists said would not be encouraging for a Fed wishing to see a greater decrease in inflation.

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WASHINGTON: US consumer confidence fell more than many predicted in April, fueled by a deterioration in expectations...

US consumer confidence dropped this month to the lowest since July on more pessimistic views about the economic outlook, even as current conditions improved

Procter & Gamble Co. raises its annual sales outlook after better-than-expected Q3 earnings results thanks to price hikes. P&G reports $3.4 billion profits for the period ended March 31, with stable private label brands and increased revenues.