Consumer Sentiment Ignores Equity Markets, Soars on Tax Cuts
Consumer sentiment reached its second-highest level in 14 years this month according to the University of Michigan's consumer sentiment index.
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Mixed Manufacturing Reports From New York and Philly Fed Reports, but Both Talk Up Inflation
Two key manufacturing reports have been released, from the Philadelphia Federal Reserve and from the New York Federal Reserve.
Even Higher Producer Prices vs Consumer Prices Not Spooking the Markets
Thursday's report on producer prices was actually hotter than the consumer report when it comes to inflationary pressures.
Most Americans ‘Happy’ With US Tax Law Changes
Americans' paychecks reflecting the impact of the new tax laws have started being distributed and most Americans say they are happy with the change and more than half say their view of the president…
IRS Warns US Taxpayers of New Scam
The IRS warned U.S taxpayers of two new tax refund scams that could cheat them out of their refund payments.
Are Weaker Retail Sales and Higher Consumer Inflation Really Adding Up to Stagflation?
What happens when you have rising prices but weaker-than-expected retail sales? This is where more of the stagflation argument comes into play.
Consumer Price Index Reaction Proves Markets Are Still Inefficient
Yesterday we had warned that the financial markets were bracing for the inflation card when the latest Consumer Price Index was released. That has now come to pass.
Markets Brace for Inflation Wild Card From Wednesday’s Consumer Price Index Report
On Wednesday, the markets will get a look at January's Consumer Price Index, which is the direct measure of consumer inflation. The inflation reading likely will be hotter than normal.
What Americans Are Willing to Go Into Credit Card Debt For
While Americans use a lot of credit card debt, the vast majority end up regretting it. There are a few exceptional events that appear to warrant spending money we don't have.
January Small Business Optimism Rises, Wages to Rise
The National Federation of Independent Business reported a month-over-month increase of two points in its January optimism index.
The Week of Economic Reports, the Stock Market Tank and Inflation Fears in the Coming Week
24/7 Wall St. wanted to provide a brief outlook of this last week's economic reports and some foreshadowing for the week ahead.
America’s Most Unequal Cities
Income inequality is not just a national issue, but a local one as well. A new report from the Brookings Institution identifies the most unequal cities and metro areas in the United States.
Why Stocks May Still Have a Long Way to Fall
The scary market action over the past week may not be over yet, and may be the beginning of a months-long decline in equities that could last through the summer.
The Costliest Natural Disasters Are Not Hurricanes
While parts of the United States and much of Puerto Rico are still recovering from devastating hurricanes last year, a recent report from the St. Louis Fed noted that hurricanes are not the costliest…
January CEO Exits at Highest Rate in 8 Years
The number of CEOs who left their jobs in January was the highest in 8 years according to outplacement firm Challenger, Gray & Christmas.