Maryland Daily Record Maryland's trusted source for business and legal news
Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices.
Tagged with: inflation Retail spending
Read More »Retail sales up in June, easing fears of a recession
January retail sales surge 3.8% as consumers defy inflation
Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation.
Tagged with: inflation spending
Read More »Inflation is painfully high, but some relief may be coming
Many economists expect inflation to remain near the current high level a few more months but to then moderate through 2022 for a variety of reasons.
Tagged with: consumer prices inflation spending
Read More »Consumer confidence hits 9-month low in November
U.S. consumer confidence fell to a nine-month low in November, clipped by rising prices and concern about the coronavirus.
Tagged with: consumer confidence spending
Read More »Key reason for supply shortages: Americans keep spending
Even as the pandemic has dragged on, U.S. households flush with cash from stimulus checks, booming stock markets and enlarged home equity have felt like spending freely again — a lot.
Tagged with: Economy spending supply chains
Read More »In ‘surprising upturn,’ spending rises in August despite delta variant spread
Americans continued to spend at a brisk pace in August in the face of rising COVID-19 infections, though much of it was done online.
Tagged with: COVID-19 spending
Read More »Manchin seeks ‘strategic pause’ on Biden bill, opposes spending $3.5T
Sen. Joe Manchin said Congress should take a “strategic pause” on more spending, warning that he does not support President Joe Biden's $3.5 trillion package.
Tagged with: biden budget Congress spending
Read More »Consumer spending slows to 0.3% gain in July as delta variant threatens
Growth in U.S. consumer spending slowed in July to a modest increase of 0.3% while inflation over the past 12 months hit its fastest pace in three decades.
Read More »Americans spent less in July as COVID-19 cases surged
Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores.
Tagged with: COVID-19 spending
Read More »Senate Democrats unveil $3.5T budget for social, climate efforts
Senate Democrats unveiled a budget resolution Monday that maps $3.5 trillion in spending boosts and tax breaks aimed at strengthening social and environmental programs.
Tagged with: budget Congress medicare spending
Read More »
