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Vor 21 Stunden · These deteriorating expectations suggest that multiple factors pose downside risk for consumer spending,” Hsu continued. “Still, sentiment remains almost 20% above a year ago and about 40% ...
Vor 5 Stunden · May 31, 2024 Updated 11:10 a.m. ET. Inflation remained essentially flat in April while showing signs of downward progress, the Commerce Department reported Friday, in a closely watched measure ...
Vor 21 Stunden · It’s not enough to attract students to learning opportunities at colleges and universities in Michigan. Leaders around the state have to build bridges across sectors to keep talent in the state after graduation, university presidents in Michigan said on a Thursday panel at the Mackinac Policy Conference. Connecting students to companies and organizations while they’re […]
Vor 6 Stunden · The PCE price index, a measure of inflation watched closely by the Federal Reverse, rose by 0.3%, with a 0.2% increase when excluding food and energy. Real DPI and real PCE both decreased by 0.1%. Personal saving stood at $744.5 billion, with a saving rate of 3.6%.
Vor 21 Stunden · The Dow Jones Industrial Average (DJIA) rebounded over 250 points on Friday as investor sentiment turned higher after US Personal Consumption Expenditures (PCE) Price Index inflation eased faster than expected.
Vor 21 Stunden · The latest University of Michigan consumers survey shows a big rebound from this time last year, but there has been another noticeable drop this year as people worry they won’t see much additional relief from high prices and high interest rates anytime soon. It’s notable in the Fed data that the group reporting the biggest decline in their personal financial situations in 2023 were parents ...
Vor 21 Stunden · He received a BA in Economics and Political Economy from the University of California at Berkeley (1999) and a PhD from the University of Michigan at Ann Arbor (2007). He works on macroeconomic topics, including monetary policy, how agents form their expectations, inflation measurement, commodity prices, inequality, the efficacy of stimulus payments, and policy communication. Prior to joining ...
