Consumer Confidence Rises Consumer confidence nudged up in May, suggesting a positive turn for the pandemic-driven economic slump as the country starts to reopen. U.S. retail traffic jumped over Memorial Day weekend, according to cell phone data. Unacast reported...
Mortgage rates continue to hit record lows, and mortgage applications point to a remarkable recovery in homebuying. Purchase apps rose 6% last week, only 1.5% lower than a year ago. More than 8% of U.S. mortgages are now in forbearance, equating to roughly 4.1 million...
Consumer prices saw their largest drop ever in April, as the economy reeled from restrictions imposed to control the coronavirus. The CPI excluding food and energy fell 0.4%. Producer prices also tumbled in April, the largest annual decline since 2015. The data could...
The U.S. services sector contracted for the first time in about a decade last month, as the coronavirus pandemic brought economic activity to a screeching halt. Household debt increased to a total of $14.3 trillion last quarter, the 23rd straight quarterly increase....
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