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Fed Keeps Benchmark Rate Steady Because Inflation is Too High

Fed Keeps Benchmark Rate Steady Because Inflation is Too High
pymnts.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pymnts.com Daily Mail and Mail on Sunday newspapers.

United statesJerome powellFederal reserveFed chair jerome powellConsumer inflation sentiment reportCautious spenderNow think firstSpend secondNew reality checkLive paycheck

Consumers Demand Deals on Big-Ticket Items Amid Uncertainty

Earnings reports from two furniture companies show consumers may not be willing to buy new furniture unless it’s a bargain.

Jeremy hoffMary foxReality checkPaycheck to reportEconomic outlookSentiment editionNew reality checkHigh earners live paycheckCautious spenderNow think firstSpend secondBlack fridayChief operating officer mary foxInflation sentimentFalse appealDeal chasing consumers

Consumer Sentiment Remarkably Steady for Fourth Month

Consumer sentiment remained essentially unchanged in April, as it has been since the beginning of the year.

United statesJoanne hsuUniversity of michiganConsumers directorCautious spenderNow think firstSpend second

Retailers Struggle Amid More Cautious Consumer Spending

U.K. and U.S. retailers are reportedly finding that deep discounts aren’t enough to woo consumers. It’s a season of “extreme bargains.”

United kingdomJulie palmerScott friedmanBegbies traynor groupBig lotsBloomberg newsBruce thornPulse ratingsReality checkPaycheck to reportWhy one thirdHigh earners live paycheckCautious spenderNow think firstSpend second

83% of Consumers Express Concerns About Economic Outlook

Despite optimism in New York Federal Reserve Survey, 83% of consumers are concerned about the economic future in the United States.

United statesNew yorkBureau of labor statisticsYork federal reserve survey of consumer expectationsFederal reserve bankFederal reserveNew york federal reserveConsumer expectationsReality checkPaycheck to reportPessimism about pay rises offsetsFalling inflationConsumer inflation sentimentShop secondhand storesLabor statisticsCautious spender

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