The Conference Board Consumer Confidence Index rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision).
The consumer price index rose 0.2% in December instead of 0.3% as reported last month, the revisions of the CPI data published by the Labour Department’s Bureau of Labour Statistics (BLS) showed.
The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
On Tuesday, the euro (EUR) rose by 0.22% following European Central Bank (ECB) official Isabel Schnabel's hawkish speech. However, the pair lost its gains after the release of a better-than-expected ...
US consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the ...
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The report from the Commerce Department on Friday also showed tepid consumer spending, a wrinkle that could help the Fed's ...
The company raised prices of its individual plan to $11.99 from $10.99 per month. Read more at straitstimes.com.
The University of Michigan's Consumer Sentiment Index edged past expectations with a print of 69.1, falling 8.1 points ...
Gold prices edged lower on Wednesday as the U.S. dollar and Treasury yields held firm ahead of key inflation data, which ...