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The consumer confidence survey from the Conference Board suggests that US consumption could continue to grow at a moderate clip and keep the overall economy afloat
U.S. consumers still have some $800 billion left from excess savings accumulated during the pandemic, but the reserves are dwindling and credit is on track to…
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U.S. consumer confidence unexpectedly increased in March despite recent financial market turmoil sparked the collapse of two regional banks, but Americans continued to expect inflation to remain elevated over the next year.
The U.S. services sector grew at a steady clip in February, with new orders and employment rising to more than one-year highs, suggesting the economy continued to expand in the first quarter.
The services sector is now at the center of the fight against inflation as services prices tend to be stickier.