Category: TRENDS ON THE U.S. ECONOMIC FRONT – Dec 13 2022

It’s not just retailers discounting their merchandise these days.

In October, the U.S. trade deficit widened to $78.2 billion, compared to $74.1 billion in September, the U.S. commerce department reported.

Executives and analysts at major U.S. banks see the nation entering a recession. The only difference among them is when.

U.S. producer prices, which suppliers charge businesses for services, supplies, and raw materials, shot up 7.4 percent in November, year on year, the U.S. labor department reported.

Savers lost out on an extra $42 billion in interest in this year’s third quarter by keeping their money at five of America’s largest banks instead of transferring their accounts to banks offering the highest interest rates, The Wall Street Journal said after analyzing data gathered by S&P Global Market Intelligence.

After two years of scrambling to get enough cars to meet consumers’ near-insatiable demand, auto dealers now are registering their most pessimistic sales outlook since early 2007 at the beginning of the Great Recession, a Cox Automotive survey has found.

Sales at brick-and-mortar stores on the celebrated and closely-watched “Black Friday” shopping day after Thanksgiving fell short of last year’s amount, indicating that shoppers are starting their holiday shopping earlier ahead of the December holidays, The Wall Street Journal said.