Tag Archives: consumer spending

How Resilient are US Consumers? We’ll Soon Find Out

By Vivekanand Jayakumar, The Hill Once again, U.S. consumers are sharply reorienting their spending patterns — the two-year-long pandemic-induced spending splurge on durable goods appears to be waning just as pent-up demand for services takes off. Despite inflation remaining near 40-year highs, overall consumption expenditure in the U.S. remains quite

Consumer Confidence Nearing Pre-Pandemic Levels

By Celine Castronuovo, The Hill Consumer confidence continued to rise in July and is now nearing pre-pandemic levels amid a boost in economic activity following loosened coronavirus restrictions. The Conference Board’s monthly survey found that while the consumer confidence index had a modest increase from 128.9 in June to 129.1

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