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2 mins read
Americans suddenly feel much better about the economic rebound
The University of Michigan's Consumer Sentiment Index soared to 65.7 from 59.4 in early April, trou…
Ben Winck
2 mins read
A third of Americans expect their finances to get worse this year
That 32% share is the highest since the mid-1940s, according to the University of Michigan. Blame s…
Ben Winck
2 mins read
Americans' economic hopes plummeted to decade lows in January as Omicron overpowered the US
The University of Michigan's Consumer Sentiment Index slid to 67.2 in January, the lowest reading s…
Ben Winck,Madison Hoff
2 mins read
The vaccines keep giving consumer sentiment a shot in the arm. It just set another pandemic-era high.
An "ongoing surge in consumer spending" will butt heads with inflation fears amid the recovery, Uni…
Ben Winck
2 mins read
US consumers haven't been this optimistic in a year
The University of Michigan's consumer sentiment gauge rose to one-year highs as vaccine rollouts an…
Ben Winck
2 mins read
US consumer sentiment falls for the first time in 4 months as spiking COVID-19 cases spur worry
An index of consumer expectations plunged to 71.3 from 79.2 as soaring COVID-19 cases and the US pr…
Ben Winck
4 mins read
The 1990 recession is a cautionary tale for today's economy
The 1990 recession was sparked by high oil prices, Fed tightening, and economic pessimism, not a bu…
Ben Winck
2 mins read
Americans making over $100,000 are the most bummed out about the economy
The University of Michigan's sentiment index tanked to 61.7, marking the lowest print since October…
Ben Winck
3 mins read
How gas prices at 7-year highs could undercut Biden's red-hot economic recovery
The job market is rebounding and GDP is above pre-crisis levels. Yet surging gas prices have people…
Ben Winck
3 mins read
The White House is taking aim at 'the cartel of shipping companies' that control global trade amid supply chain chaos
"Price-gouging by the ocean shipping cartel" is behind the inconvenience and inflation slamming hol…
Ben Winck
3 mins read
Wall Street's verdict is in: the US economy is booming again
JPMorgan and Morgan Stanley just boosted estimates for Q4 growth, but it's a strange type of boom —…
Ben Winck
3 mins read
4 things Biden can do to tame COVID and inflation right now, according to former Fed economist
Biden's spending plans will do much good, but Americans need faster results on the virus and inflat…
Ben Winck
3 mins read
Republicans are soiling Americans' view of the economic recovery
GOP voters think Biden's economy is worse than the one from the Great Recession. They hate it so mu…
Ben Winck,Andy Kiersz
3 mins read
Americans feel worse about the economy today than they did when everything was shutting down and 22 million people were losing their jobs
Consumer sentiment is more grim during rising inflation than it was during an economic apocalypse t…
Dominick Reuter,Madison Hoff
3 mins read
Americans are pissed about the housing market - they haven't hated it this much in 4 decades
Only 29% of Americans think it's a good time to buy a house, according to the University of Michiga…
Ben Winck
3 mins read
The Delta variant has Americans swapping the shopping bag for a seat at the bar this fall
As summer wanes and Delta ramps up, Americans are spending less - except when it comes to bars and …
Bartie Scott,Hillary Hoffower…
2 mins read
Americans' spending at retailers slid to $618 billion in July, missing economist forecasts
Retail sales fell 1.1% in July as virus cases surged higher. Consumer spending counts for 70% of ec…
Ben Winck,Andy Kiersz
2 mins read
61% of small businesses think Delta stopped the economic recovery in its tracks
A survey for the Wall Street Journal found small business confidence is at its lowest level since M…
Ayelet Sheffey
3 mins read
The Delta wave has Americans fearing it's a 2020 economy all over again
Americans' "stunning lack of confidence" in the economy combined the low points of the coronavirus …
Ben Winck,Andy Kiersz
2 mins read
The US economy might've reached peak recovery
The Delta variant of COVID-19 may not tank the economy, but it has slowed the rocketship growth of …