Consumer Fears May Make a Recession 'Self-Fulfilling': Morning Brie
High prices at stores and gas pumps nationwide continue to weigh on American consumers. Folks are quickly losing confidence in state of the economy.
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Inflation is Hitting America's Middle Class Particularly Hard, BofA Finds
Consumers across all income levels are paying higher prices for goods and services. The latest CPI showed that inflation surged to 8.6% in May.
JPMorgan Says Retail Investors Are Finally Bailing on Stocks
Some of the last bulls at the party are finally yielding to the bear market, bailing from stocks at the fastest rate in nearly two years.
Biden's Gas-Tax Holiday Has 4 Big Problems
A president can't do much about persistent inflation, but Biden has to show he’s trying. He’s calling on Congress to suspend federal gasoline tax.
Consumer Spending Is Running Out Of Steam and the Market Isn’t Ready For It
A key source of US economic growth this year -- consumer spending -- is showing signs of losing steam.
US Consumers Expect Inflation Shock to Pass, NY Fed Survey Finds
US consumers still largely expect the current inflationary shock to be temporary, and for price gains to be low and stable in the longer run.
Goldman’s Hatzius Says Consumers Using Leverage for Spending
US consumers beset by inflation are already relying on leverage to some extent to fund their spending, according to Goldman Sachs, Jan Hatzius.
