Consumer Dynamics Briefs
2024
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Inflation intensified in January but spending cooled
February 29 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)What you need to know about the latest inflation, incomes, and spending data.
2023
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August spending cools along with core inflation
September 29 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)What you need to know about the latest inflation, incomes, and spending data.
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July spending surges but inflation comes in mild
August 31 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Collectively, these data show that consumption is on an unsustainable path.
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July Retail Sales Show Continued Consumer Resilience
August 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail sales jumped in July as US consumers continued to open their wallets.
2022
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January Retail Sales Rise Despite Omicron
February 16 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail spending in January rose $23.5 billion to $649.8 billion for the month – up 3.8 percent from the previous month and up 13.0 percent from a year earlier.
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January CPI Rises to 7.5 Percent
February 10 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)This key measure of consumer price inflation is now at the highest rate recorded since 1982.
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December Spending, Income, and Inflation Readings Disappoint
January 28 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Comment on Personal Income & Outlays report for December
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December Retail Sales Plummet
January 14 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail spending in December dropped $12.2 billion to $626.8 billion for the month – down 1.9 percent from the previous month and up 16.9 percent from a year ear
2021
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Fed Signals Three 25bp Rate Hikes in 2022
December 15 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)As expected, the Fed delivered a hawkish policy statement at the December meeting, hastening the pace of quantitative easing tapering.
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Lackluster November Retail Sales Prompt Concern
December 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)November's modest uptick was below expectations and suggests that rising prices are curbing consumer spending power.
