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It Might Take a Recession to Slow Down the Consumer

Sometimes life would be easier if everyone was more like Keanu Reeves: But other times you just can’t help yourself: I’m choosing door #2 today. Sorry, Keanu. I’ve seen some variation of this chart making the rounds for a few weeks now: At face value, it looks...

Consumer sentiment weakened sharply in November, survey shows

Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia.Elijah Nouvelage | AFP | Getty ImagesHigher interest rates, a potential recession and persistently high prices made consumers substantially less confident about the current state of the economy as well...

Consumer prices rose 0.4% in October, less than expected, as inflation eases

The consumer price index rose less than expected in October, an indication that while inflation is still a threat to the U.S. economy, pressures could be starting to cool.The index, a broad-based measure of goods and services costs, increased 0.4% for the month...

Consumer confidence is near its lowest in a decade, and that could be a problem for Biden

US President Joe Biden speaks during a DNC rally in Miami Gardens, Florida, US, on Tuesday, Nov. 1, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesAnxiety over the cost of living and the direction of the economy could prove costly to President Joe...

Consumer protection should be key in digital asset projects

GP: JPMorgan officeS3studio | Getty Images News | Getty ImagesSINGAPORE — Banks have to prioritize consumer protection as they embark on digital asset experiments, said Umar Farooq, chief executive officer of JPMorgan's blockchain unit Onyx.Many blockchain projects and other crypto protocols have the...