The Reuters/University of Michigan index of consumer sentiment inched down from 74.5 points in December to 74.2 points in January. Consumer sentiment slid in January as inflation concerns outweighed an improving economic outlook. In particular, consumers are worried that rising food and fuel prices will dent their purchasing power, with half of the respondents expecting their inflation-adjusted incomes to decline this year. Therefore, consumers ?are likely to again engage in selective spending cutbacks? in spite of the additional tax benefits approved in December.
United States Consumer Confidence
Consumer confidence slides in January
January 14, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.