June Sees Drop in Consumer Sentiment and Import Prices
Category: Economy Total Views: 95By : Editor Updated: 06-15-2024
Consumer Sentiment Index Drops 5.1% in June
The June consumer sentiment index dropped by 5.1% to a seven-month low of 65.6. This fall suggests consumers' mounting worries about the state of the economy. Uncertain economic times and high prices have probably added to this attitude. The decline is the third one in a row. Customers are still apprehensive even with the recent improvements in inflation statistics. This attitude reflects larger concerns about stability of the econom... Read More
Global Digital Wallet Transactions to Reach $25 Trillion by 2027
Category: Economy Total Views: 290By : Editor Updated: 06-13-2024
Introduction to Digital Wallet Usage Trends
The way that people pay both online and in real stores is changing thanks to digital wallets. This change is highlighted by the most recent Worldpay report, which indicates that in 2023 digital wallets would account for 30% of in-store purchases and 50% of worldwide e-commerce purchases. The transaction value topped $14 trillion in 2027 and is expected to increase to $25 trillion in that same year. The ease and security that consumers fi... Read More
May CPI Unchanged: Economic Analysis & Future Outlook
Category: Economy Total Views: 373By : Editor Updated: 06-12-2024
The consumer price index (CPI) was unchanged in May, indicating a little slowdown in inflation, which climbed by 3.3% year. Excluding food and energy, the core CPI increased 3.4% yearly and 0.2% month over. Mixed signals from the report—energy prices were down and shelter costs were up—influenced market expectations for possible rate reductions by the Federal Reserve later this year. Future policy choices and economic estimates made by the Fed will be greatly impacted by the data.... Read More
Why Homeownership Costs Have Surged 26% Since 2020
Category: Economy Total Views: 226By : Editor Updated: 06-11-2024
Since 2020, property taxes, insurance rates, and maintenance costs have increased by 26% in the US. Higher mortgage rates have made housing more expensive, but supply shortages and underbuilding have also raised prices. Forecasting continued difficulties, experts stress the need of strategic financial planning for both buyers and sellers.
Surge in Homeownership Costs Since 2020: A Comprehensive Analysis
US home ownership costs have increased by 26% since 2020. Property t... Read More
Understanding the Economic Indicators for June 2024
Category: Economy Total Views: 294By : Editor Updated: 06-10-2024
The economic data as of June 2024 indicate a modest GDP growth fueled by the recovery of manufacturing and services. Strong consumer spending is backed by little unemployment and high confidence. With housing and energy prices driving the 3.2% inflation rate, the central bank is keeping a tight eye on things. Strong retail sales indicate confident and healthy consumer behavior, and the housing market is still active in spite of worries about affordability. An indication of optimism about the ... Read More