Consumers have taken an increasingly dark view of the U.S. economy and its future, the newest monthly University of Michigan survey of consumer sentiment has found.
Tag: inflation
DELINQUENT LOANS ON THE RISE AMONG U.S. BUSINESSES
The share of U.S. business loans falling behind in their payments is the highest since 2017 and could rise even higher as the impact of Donald Trump’s trade war begins to bite, the Financial Times reported.
EQUITY INVESTORS ARE TURNING BEARISH
In the week ending 12 February, 47.3 percent of individuals invested in the U.S. stock market expect share prices to fall during the next six months, the most since November 2023, a survey by the American Association of Individual Investors found.
RUSSIA’S CENTRAL BANK HOLDS INTEREST RATE AT 21 PERCENT
The Bank of Russia kept its interest rate at a record 21 percent for a second consecutive meeting as inflation in January was estimated at 9.9 percent, up from 9.5 percent in December and more than twice the bank’s target rate.
CORPORATIONS SEE LOWER PROFITS AHEAD
After an upbeat earnings season, corporations foresee a less sunny future.
U.S. CREDIT CARD DEBT TOPS $1 TRILLION
Americans now have a record $1.21-trillion balance on their credit cards, according to the new quarterly report from the Federal Reserve Bank of New York.
PRODUCER PRICES ROSE IN JANUARY, SIGNALING HIGHER RETAIL PRICES AHEAD
Producer prices—the wholesale prices factories and service companies charge for their wares—rose 0.4 percent in January from December, compared to the 0.3 percent forecast economists had made in a Dow Jones poll.
U.S. RETAIL SALES DROP MOST IN TWO YEARS
Last month, U.S. consumers spent 0.9 percent less than in December, the commerce department reported, the largest one-month drop since March 2023.
AN INFLATIONARY NIGHTMARE IS RAPIDLY APPROACHING—AND AS OF NOW, THERE IS NO WAY TO STOP IT
While everyone is as usual being directed to “look over here, do not look over there,” via the mainstream media outlets and the geo-political goings on, an inflationary tsunami—(LITERALLY on an unprecedented scale), is rapidly approaching.
BANK OF ENGLAND CUTS INTEREST RATE, ALSO GROWTH FORECAST
The Bank of England (BoE) has cut its 2025 growth forecast in half, projecting a 0.75-percent expansion of the U.K.’s GDP this year, not the 1.5 percent it had forecast earlier.