Why shoppers aren’t letting tariffs put a damper on their holiday cheer
The National Retail Federation predicts Americans will spend on average $1,047.83 this holiday season, 4 percent higher than last year.
U.S. consumer confidence falls for 3rd straight month
Consumers' perceptions about the present situation have improved, but future expectations frayed in October.
U.S. consumer confidence dips slightly in August
The Conference Board, a business research group, said Tuesday that its consumer confidence index edged down to 135.1 in August, slightly below a July reading of 135.8, which had been the highest since November.
Consumer confidence drops slightly in November
An index that measures consumers' assessment of the current economy and their outlook for the next six months slipped but remained historically strong.
Retailers placed their holiday orders with overseas manufacturers months ago, allowing them to avoid some of the tariffs that were placed on China in September.
Going back to 1952, consumer confidence has been a fair guide to presidential election outcomes.
In other news Wednesday, the House of Representatives passed a compromise on a federal regulatory reform bill after a $19 billion fee on large banks and hedge funds was dropped from the legislation. Also, a former top executive at AIG…
In other news Tuesday, Wall Street dropped following a wave of new worries about consumer spending and overseas sell-offs. Also, President Barack Obama voiced confidence about the fate of the financial regulatory reform bill even without the vote of late…
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