To address inventory surplus, back-to-school shoppers can expect the return of the discount as companies must flush excess inventory. … READ MORE >
Blog
Consumer confidence drops as new home sales slump
Consumer confidence continued to fall in July to the lowest level since February 2021 amid inflation angst and an economic slowdown. Sales of new homes fell by 8.1% in June. … READ MORE >
5 things to know in life sciences: Week of July 18, 2022
This week we highlight continued investment in driving diversity in clinical trials, the impact of decentralized technology on trial enrollments and more. … READ MORE >
FOMC policy decision preview: Fed to hike lending rate .75% next week
A 100-basis-point increase in the federal funds rate will be on the table during the Federal Open Market Committee meeting next week, but we expect the central bank will hike the policy rate by 75 basis points. … READ MORE >
Wholesale gas futures point to drop below $4 a gallon
Wholesale gasoline futures imply that the average price per gallon of gas, which stands at $4.44, will most likely fall below $4 per gallon by the end of the summer. … READ MORE >
Initial jobless claims rise to eight-month high
New filings for jobless benefits rose more than expected last week to an eight-month high of 251,000, continuing to show signs of increases in layoffs amid an economic slowdown. … READ MORE >
Existing home sales continued its slump, down 21% in 2022
Existing home sales fell for the fifth straight month as the housing market cooled significantly amid steep rises in mortgage rates and housing prices. … READ MORE >
Canada inflation hits 8.1% but shows signs of softening
Inflation reached 8.1% in June in Canada, the highest since January 1983, although the pace of the increase eased compared to previous months. … READ MORE >
Back-to-school consumer business outlook: How will no enhanced child tax credit affect shopping?
The lack of the child tax credit may impact consumption. Ensuring the right products are available will be key to retailers’ sustained growth. … READ MORE >
U.S. housing supply continues to fall amid rising mortgage rates
There were 1.56 million new housing starts in June on an annualized basis, a 2.0% decline from May and the lowest level since last September. … READ MORE >