New government data shows U.S. consumer spending in July grew by a lackluster 0.3 percent, a far slower pace than the 1.1 percent pace of growth in the prior month and a sign that the economic recovery may be losing steam in the third quarter as the Delta variant spreads. The Commerce Department said in…
US Dollar, Yen Gain After Weak China Data, Amid Unrest in Afghanistan
August 16, 2021
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Business & Economycommodityconsumer sentimentEconomieseconomyInternationalMarketsU.S. dollarUSUS NewsWorld
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NEW YORK/LONDON—The dollar rose on Aug. 16 against commodity currencies such as the Australian and Canadian dollars, while the safe-haven yen gained at a time of disappointing economic data from China, political tension in Afghanistan, and the spreading Delta virus weighing on risk appetite. The dollar’s gains came after recent losses from a slump in…
Consumer Confidence Plunges to 10-Year Low on Fears of Inflation, Unemployment, Financial Woes
U.S. consumer sentiment fell sharply in early August, with the University of Michigan confidence survey plumbing depths not seen in a decade as Americans expressed worry about personal finances, unemployment, and inflation. The survey, released on Aug. 13, showed that the consumer sentiment index plunged from July’s reading of 81.2 down to 70.2, hitting a…
Consumer Confidence Plunges to 10-Year Low on Inflation, Unemployment, Financial Woes
U.S. consumer sentiment fell sharply in early August, with the University of Michigan confidence survey plumbing depths not seen in a decade as Americans expressed worry about personal finances, unemployment, and inflation. The survey, released on Aug. 13, showed that the consumer sentiment index plunged from July’s reading of 81.2 down to 70.2, hitting a…
Consumer Sentiment Among California Democrats rebounds, Worsens for Republicans
January 26, 2021
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CaliforniaCaliforniansconsumer sentimenteconomicsNY-CalOrange CountyRepublicansSouthern CaliforniaspendingUS
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With consumer spending accounting for more than two-thirds of the U.S. economy, the economic outlook of shoppers can be a strong indicator of overall financial trends. That’s why consumer sentiment is often used to predict economic spending more generally, since it leads to increased investment and hiring. A recent Chapman University study unveiled that high-earning—meaning…
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