HotmailEconomists predict increase in consumer spending
Consumer spending is likely to pick up this year while government spending declines at a faster rate, according to a survey of business economists. Full story
Consumer spending is likely to pick up this year while government spending declines at a faster rate, according to a survey of business economists. Full story
HOUSTON (Reuters) - A slowdown in U.S. inflation was benign and could "unleash" consumer spending, Dallas Federal Reserve Bank President Richard Fisher said on Thursday, adding that he was not worried about the risk of deflation. Full story
The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low. Full story
Americans' wages increased at a faster rate from January through March than the previous quarter, a trend that helped boost consumer spending at the start of the year. But their benefits barely grew. Full story
POSITIVE SIGNS: The percentage of Americans who said it would be somewhat or very easy to find a job if they lost theirs rose to 54 percent last year from 2010's 46 percent — the lowest since 1983, according to the 2012 General Social Survey. Full story
LONDON (Reuters) - Britons' finances deteriorated in April at a faster pace than in March as incomes fell and living costs rose, and households expected the squeeze to continue, reducing their ability to spend and support the economy. Full story
Discussing the biggest threats to the U.S. economy, and the state of consumer spending, with Jim Hagedorn, Scotts Miracle-Gro CEO; Timothy Wadhams, Masco CEO; and James Stephen, Weber CEO.
Shoppers walk along Broadway on April 26, 2013 in New York, New York.
