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Tag Archives: consumer confidence

Experts downbeat on global economy

CERNOBBIO, Italy — Business leaders and finance experts gathered in Italy offered a downbeat assessment of the global economy Friday — with several predicting another recession due to a calamitous cocktail of sluggish growth, eurozone dysfunction, and financial market volatility. ...

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Consumers gloomy but their spending says otherwise

WASHINGTON — Economists have advice for anyone worried that consumers are too fearful to keep spending: Look at what they’re doing, not what they’re saying. A survey of consumer confidence shows that Americans were spooked early this month by the ...

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Dollar rises against euro ahead of Fed minutes

NEW YORK — The dollar is rising against the euro ahead of minutes to be released from the Federal Reserve’s latest meeting. The minutes, or meeting protocols, could offer some insight into the Federal Reserve’s outlook for the U.S. economy, ...

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Retailers report solid sales gains for July

NEW YORK — Many U.S. retailers posted solid sales in July as deep discounts and sweltering heat drove shoppers to air conditioned malls. But analysts worry that momentum won’t continue through the back-to-school shopping season. Despite a flow of bad ...

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Consumer confidence rises in July

NEW YORK — Two years into the recovery, Americans’ confidence in the economy continues its rollercoaster ride. As their short-term outlook on jobs and income eased somewhat amid a mix of optimistic and bad economic news, U.S. consumers’ confidence rose ...

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Consumers borrowed more for 8th month in May

WASHINGTON — Americans took on more debt in May and used their credit cards more for only the second time in nearly three years, stepping up borrowing just as the economy began to slump and hiring slowed. The Federal Reserve ...

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Consumers’ confidence down in June on job worries

NEW YORK — A private research group is reporting that U.S. consumers’ confidence declined to a seven-month low as job worries increased. The Conference Board’s Consumer Confidence Index slipped to 58.5 in June, down from a revised 61.7 in May. ...

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