Consumer Dynamics Briefs
2023
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January CPI data show road ahead will be bumpy
February 14 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)3 Insights for What's Ahead on January's inflation readings
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Q4 2022 GDP growth slowdown will likely precede recession
January 26 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Q4 2022 US GDP rose by 2.9 percent, but key components showed softening. We continue to expect the US economy to slip into recession in early 2023.
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Headline CPI eased in December while Core CPI rose
January 12 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)3 Insights for What's Ahead on the December CPI readings
2022
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Inflation eased again in November
December 13 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)3 Insights for What's Ahead on the November CPI data
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October inflation saw some relief, but remains high
November 10 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)While these data show some progress in the Fed’s fight against inflation, we continue to expect additional interest rate hikes over the coming months.
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Inflation continued to weigh on incomes and spending
October 28 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)September Personal Income & Outlays data show an economy that continues to grapple with inflation.
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September CPI reveals no reprieve from inflation
October 13 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Headline Consumer Price Inflation (CPI) slowed slightly in September, but core inflation, which excludes food and energy, continued to rise from a year ago.
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July retail sales flat as gasoline prices fell
August 17 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Looking ahead, we expect consumer spending growth to fall into negative territory as the economy slips into recession.
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July inflation eased somewhat, but remains high
August 10 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)The Consumer Price Index (CPI) slowed to 8.5 percent year-over-year in July, vs. 9.1 percent in June.
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A More Hawkish Fed May Trigger a Recession
June 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)The Fed hiked interest rates by 75 basis points today and indicated that the Fed Funds rate would enter restrictive territory by the end of 2022.
