Latest Consumer confidence News

Inflation ahead? Even a top economist says it's complicated

Jun. 21, 2021 04:37 AM EDT

WASHINGTON (AP) — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies — when the economy is already surging — have elevated the risk of accelerating inflation. ...

US economy: Plenty of growth, not enough workers or supplies

Jun. 07, 2021 16:18 PM EDT

WASHINGTON (AP) — The U.S. economy is sparking confusion and whiplash almost as fast as it’s adding jobs. Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift...

Asian stocks lower after Wall St ends May with gains

May. 31, 2021 00:02 AM EDT

BEIJING (AP) — Major Asian stock markets fell Monday after Japan reported weaker-than-expect growth in factory output and Chinese manufacturing growth was flat. Benchmarks in Shanghai, Tokyo and Hong Kong retreated while Seoul swung between small gains and losses. ...

Consumer confidence ticks down in May, but remains strong

May. 25, 2021 10:48 AM EDT

SILVER SPRING, Md. (AP) — Consumer confidence ticked down slightly in May but remains nearly as high as its been since the pandemic began. The Conference Board reported Tuesday that its consumer confidence index fell to 117.2 from April's 117.5 reading, the highest...

Choppy jobs recovery could mean bumpy economic rebound

May. 13, 2021 10:41 AM EDT

April's weak jobs report is a sign that while the U.S. economy continues its post-pandemic recovery, the road ahead will be bumpy. Only 266,000 jobs were created last month, shocking Wall Street and leaving the U.S. still about 8.2 million jobs short of the where the...

EXPLAINER: Why are fears of high inflation getting worse?

May. 12, 2021 12:14 PM EDT

WASHINGTON (AP) — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter and soft drinks. All of which is resurrecting fears of an economic threat that has all but disappeared over...

Powell's high-stakes bet: More jobs but only mild inflation

May. 01, 2021 11:14 AM EDT

WASHINGTON (AP) — With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble. Powell's bet is that the Fed can keep rates ultra-low even as the U.S. economic recovery kicks into...

US consumer confidence returns to pre-pandemic levels

Apr. 27, 2021 11:07 AM EDT

WASHINGTON (AP) — Consumer confidence rose sharply for a second straight month, hitting the highest level since the pandemic began, as the rapid rollout of vaccines and another round of U.S. financial support for Americans boosts optimism. The Conference Board reported...

This Week: Consumer confidence, Fed meeting, Amazon earns

Apr. 26, 2021 01:12 AM EDT

A look at some of the key business events and economic indicators upcoming this week: IMPROVING CONFIDENCE The Conference Board issues its April snapshot of U.S. consumer confidence Tuesday. The consumer confidence index surged in...

Asian stock markets advance after new Wall St high

Apr. 13, 2021 23:37 PM EDT

BEIJING (AP) — Asian stock markets rose Wednesday after Wall Street hit a high following an uptick in U.S. inflation and an order by regulators to suspend use of Johnson & Johnson's coronavirus vaccine. Shanghai, Hong Kong, Seoul and Sydney rose, while Tokyo was off...