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Surprise! Inflation Rises to Start the Year
  + stars: | 2024-02-13 | by ( Tim Smart | Feb. | At A.M. | ) www.usnews.com   time to read: +5 min
Still, that is considerably below where inflation was in 2022 and much of last year. Along with the health of the labor market, the Fed considers inflation among the key economic data points to watch as it looks to start cutting interest rates this year. “If inflation comes in below expectation, the markets will cheer the welcome news that the economy and the job market can remain solid without increasing inflation. On Friday, more inflation data will be released with the January producer price index – a measure of what businesses pay for the products and services they sell. The PPI is often a predictor of future inflation as it shows prices that are early in the pipeline and often passed on to consumers.
Persons: , Skyler Weinand, Regan, Venkat Balakrishnan, Jerome Powell, , Dan North, “ Powell, Melissa Brown, Signifyd, ” Signifyd Organizations: Labor, Federal Reserve, Dow, Industrial, Regan Capital, Fed, Federal Reserve Bank of Atlanta, Allianz Trade, , PPI Locations: North America
A lot of the spending was driven by deals and buy-now, pay-later programs. The Fed’s “beige book” report on the economy is out on Wednesday, and that will show how inflation is affecting businesses and consumers. But consumers continue to express concern over inflation that has left overall prices higher by about 18% since 2021. “With inflation falling as the Fed keeps rates unchanged, real interest rates continue to tighten,” said Richard de Chazal, macro analyst at William Blair. But consumers remain concerned about inflation and just how much will be seen on Tuesday when the Conference Board releases its consumer confidence index for November.
Persons: SpendingPulse, , Vivek Pandya, Signifyd, Richard de Chazal, William Blair, Organizations: Adobe Analytics, Adobe Digital, Consumers, Retailers, Federal Reserve, Fed, Wells, , Conference Board
Retail sales increased 0.7% in September, driven by nonstore retailers and spending at food and drinking establishments, the Census Bureau reported on Tuesday. Even after stripping out autos, as some analysts do, the increase was 0.6%, way above estimates of a 0.2% gain. As long as those trends remain positive, consumers will feel they have the wherewithal to continue shopping. “Consumer spending has been fairly flat over the last two months,” according to Bank of America Institute’s Consumer Checkpoint October report. However, the wages and salaries of higher-income households are still growing at slower rates than other income cohorts.”Many retailers will be looking to the critical holiday season for a boost in sales.
Persons: , Ted Rossman Organizations: Census, Bankrate.com, , Federal Reserve, Employers, Labor Department, Bank of America, ” Bank of America, Cyber, Signifyd’s Commerce
Statista identified 40 firms as top digital payments companies. While digital payments is often the area that draws most investor buzz, lending generates more money in financial services. Statista identified 25 fintech companies that fall into the category of top alternate lending firms. They include American small business lending firm Biz2Credit, Irish e-commerce lending company Wayflyer, and Latvian loan refinancing startup Mintos. Digital business solutions
Persons: Monzo, there's, Statista, Afterpay, It's, Binance, eToro, Equity crowdfunding, hasn't, Peter Hazlehurst Organizations: JPMorgan —, Orange, Digital, U.S, SEC, European, Education, Equity, Republic, Tech, Federal Reserve, Bank of England, CNBC, Solaris Locations: fintech, Europe, Nigeria, Orange, Africa, Terra, U.S, Cayman Islands, American, Latvian, U.K
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaking ecommerce returns easier would actually drive more sales, says Signifyd CEO Rajesh RamanandRajesh Ramanand, Signifyd CEO, joins 'Closing Bell Overtime' to discuss the state of the consumer, fraud issues impacting the ecommerce space, and the value of the online return process.
Persons: Rajesh Ramanand Rajesh Ramanand
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