U.S. economy among the few bright spots at World Bank/IMF annual meeting

Oct 10, 2023
The meetings are being held in Morocco, still struggling to recover from a severe earthquake just a month ago. The contrast with the U.S. could not be more stark. The IMF says the U.S. is the only major economy where output has returned to pre-pandemic levels.
In its latest World Economic Outlook, the International Monetary Fund raised its forecast for U.S. economic growth.
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Despite rising interest rates, consumers increased their spending in July

Aug 31, 2023
But what they're spending their money on is shifting.
Despite climbing interest rates, consumers spent .9% more on goods in July than in June.
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Retail inventories have dropped. But discounts might stick around.

Aug 16, 2023
Over the last year, many retailers have been successfully using discounts to purge their excess inventories. Now, retailers might use discounts to lure skittish consumers.
Target announced its inventories were down 17% from last year.
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Americans continue to spend — even as credit card and student loan payments loom

Aug 15, 2023
The July retail sales report found that Americans are spending more than last year in most categories. Will that be a problem?
Retail sales climbed for the fourth straight month in July.
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Why do consumers keep on spending — even when they don't have the cash?

Aug 14, 2023
Households feel their finances have been improving, the New York Fed says. But Americans appear to be racking up more credit card debt.
Analysts are looking at consumers' motivations for robust spending despite high prices and mounting debt. Per one theory, the feeling of surviving hardship and unpredictability has made them more confident.  
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Workers are being more productive, a good sign for low-inflation growth

Aug 3, 2023
The Labor Department says worker output is up while average hours worked is down. That could help bring down inflation going forward.
Worker output climbed in the second quarter as economic growth picked up.
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Wage growth may be slowing, but consumers still have the power to spend

Jul 28, 2023
Wages are rising faster than prices. So on average, people’s purchasing power is increasing.
Purchasing power has increased because prices have been rising more slowly, said economist Preston Mui.
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For public good, not for profit.

Will inflation make consumers abandon their favorite brands?

Jul 28, 2023
Consumers have been sticking with Procter & Gamble. But if high prices make shoppers trade down, the company has products for them too.
Procter & Gamble, maker of Tide detergent and many other consumer products, is cautious about its outlook for 2024.
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People are spending less on things — and more on fun

May 24, 2023
Consumers at almost every income level are finding ways to spend on getting out of the house.
Despite inflation, consumers have continued to spend on dining out, travel and other fun.
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April retail sales data add confusion to an already confusing economy

May 16, 2023
Between the pandemic and its economic ripple effects, the consumer experience has been a wild ride.
While consumers are cutting back on buying big-ticket items like appliances, there’s still pent-up demand for services.
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