The US economy does not appear to be in a recession and remains unlikely to enter one this year per National Retail Federation chief economist. Carol VencilAugust 5, 20222022
The Federal Reserve Bank of New York raised interest rates 0.75% on Wednesday, bringing the Federal Fund Target rate to 2.25%. Carol VencilJuly 29, 2022
The National Association of Realtors reported June’s housing sales fell 14.2% over LY. Carol VencilJuly 22, 2022
Inflation in June reached 9.1%, per the Bureau of Labor Statistics, the largest increase in 41 years. Carol VencilJuly 15, 20222022
Mastercard SpendingPulse reports retail sales, excluding auto and gas, rose 6.1% over LY in June. Carol VencilJuly 8, 2022
U.S. consumer spending eased in May as shoppers faced historic inflation levels. Carol VencilJune 30, 20222022
Luxury goods market shows resilience and is expected to grow by 10-15% in 2022 over 2021 per Bain & Company’s Luxury Goods Worldwide study. Carol VencilJune 24, 20222022
The Federal Reserve raised its benchmark interest rate 0.75% on Wednesday, the largest rate hike since 1994. Carol VencilJune 17, 2022
U.S. Inflation reached four-decade High of 8.6% as surging energy and food prices push higher. Carol VencilJune 10, 2022
U.S. economy added 390k jobs in May, extending a yearlong streak of gains with the jobless rate remaining at 3.6%. Carol VencilJune 3, 2022
U.S. inflation eased in April for the first time this year; inflation is hitting lower-income households hardest, economists report per the The Wall Street Journal. Carol VencilMay 27, 20222022
Moody's Corporation predicts retail sales to rise 2-4% with profits declining 1-3% in next 12-18 months citing inflation, geopolitical risks and falling demand. Carol VencilMay 20, 2022
The US Federal Reserve raised interest rates by 0.5%, the largest increase since 2000. Carol VencilMay 6, 2022
US Household spending rose 1.1% in March with higher prices and demand for services. Carol VencilApril 29, 2022
American Apparel & Footwear Association (AAFA) reported in the Sourcing Journal that the US economy is in the midst of a fragile recovery. Carol VencilApril 22, 2022
Inflation hit 8.7% in March (four-decade high) reported the U.S. Department of Labor. Carol VencilApril 15, 2022
Mastercard reports good retail numbers for spring, and consumers may be shifting to balanced spending. Carol VencilApril 8, 2022
US employers added jobs in March and the jobless rate fell to 3.6% per the U.S. Department of Labor. Carol VencilApril 1, 2022
After a year of skyrocketing retail sales with help from economic stimulus and on-line spending, consumers moderated in February, per the U.S. Department of Commerce. Carol VencilMarch 25, 2022
