Friday, December 27

Tag: economic performance

Where Did All the Money Go? The Villain in Your Transaction History
26Dec By adminNo Comments
World

Where Did All the Money Go? The Villain in Your Transaction History

Listen to article(2 minutes)WSJ’s Personal Finance team presents a series on how to fix your financial life in 2024. First up: taking on lifestyle creep.Anyone trying to figure out why they are scraping by at the end of the year could safely pin part of the blame on inflation. Higher prices have made it easier than ever to miss that other sneaky cause of overspending: lifestyle creep. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Credit-Card Spending Piles Up as Savings Dwindle 
24Dec By adminNo Comments
Money

Credit-Card Spending Piles Up as Savings Dwindle 

U.S. consumers continue to burn through their pandemic savings and are taking on more debt as they face high prices on everything from food and housing to entertainment. Marianne Lake, co-chief executive of JPMorgan Chase’s consumer bank, said at a December conference that before the pandemic, the bank’s lowest-income clients had on average 12 days’ worth of cash on hand. Today, that average is around 15 days, meaning consumers are close to spending down money they socked away during the pandemic. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
For Much of the World, Inflation Will Be Normal in 2024—Finally
24Dec By adminNo Comments
World

For Much of the World, Inflation Will Be Normal in 2024—Finally

Call it a Christmas miracle: Inflation around the globe is slowing way faster than expected. If economists are right, that gift will keep on giving next year, bringing inflation back to normal levels for the first time in three years.  Goldman Sachs economists estimate that core inflation, which excludes food and energy, in the group of economies that experienced the post-Covid inflation surge—the U.S., Europe and several emerging markets—ran at a 2.2% annualized pace over the three months ended November.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Waving a Red Flag at Bond Bulls
22Dec By adminNo Comments
Money

Waving a Red Flag at Bond Bulls

The drop in long-term rates might seem excessive, but as long as investors’ expectation of low inflation readings isn’t proven wrong, it could continue.
Read More
Nike Sends Warning About Slowing Consumer Spending
22Dec By adminNo Comments
World

Nike Sends Warning About Slowing Consumer Spending

Updated Dec. 21, 2023 7:41 pm ETNike cut its revenue outlook for the year amid concerns that consumers around the world are becoming more cautious with their spending.The sneaker and apparel company on Thursday said it anticipates softer sales for the second half of the year. It also plans to shave up to $2 billion in costs over the next three years through streamlining the organization and shedding employees among other moves. Shares plunged nearly 11% in after-hours trading.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
U.S. Retail Sales Show Holiday Season Off to Strong Start
14Dec By adminNo Comments
World

U.S. Retail Sales Show Holiday Season Off to Strong Start

Consumer spending showed unexpected strength at the start of the holiday shopping season, as Americans shopped in-person and online, shrugging off signs of economic cooling.Retail sales, which include spending at stores, restaurants and gas stations, rose 0.3% in November from the month before, on a seasonally adjusted basis, the Commerce Department said Thursday. Economists had expected sales to fall. Sales rose 4.1% in November from a year earlier, outpacing inflation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Jerome Powell Makes His Inflation Pivot
14Dec By adminNo Comments
Business

Jerome Powell Makes His Inflation Pivot

We thought Federal Reserve Chairman Jerome Powell would be wary of declaring victory over inflation on Wednesday, but he was wary in formal declaration only. Everything else about his press conference after the latest Federal Open Market Committee (FOMC) meeting suggested that the Chairman’s Paul Volcker era is over. Easier money is on the way.“The committee is proceeding carefully,” he said. The Fed still wants to see “ongoing progress” toward the Fed’s 2% inflation target, “we still have a ways to go,” and “no one is declaring victory” over inflation. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More