Yes, Americans Are Spending Way Too Much on Their Pets
The next time you hear about "free pets" being given away, just understand that nothing is really free.
Economy
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Conference Board Leading Indicators Reach 7-Year High
The Conference Board's Leading Economic Index for February released Thursday morning shows a fifth consecutive monthly increase and the highest level the index has reached since March of 2011.
IHS Markit Data Suggests Stronger Employment and Stronger Inflation Continuing in March
IHS Market has released its flash U.S. PMI reading for March, and the report cites a strong upturn in private sector output that is supported by the fastest employment growth since May of 2015.
FOMC Rate Hike Comes With Almost Perfect World Predictions in 2019 and 2020
The Federal Reserve has delivered its first formal interest rate hike for the tenure under new Fed Chairman Jerome Powell. While the formal rate hike was already expected, what matters is the Fed’s longer-term…
How to Ensure that the World’s Water Supply Meets Demand
A UNESCO report released Wednesday calls for taking action to meet future demands on global water supplies by using nature-based, sustainability solutions.
National Debt Rises Above $21 Trillion for the First Time
For the first time in the history of the United States, the national debt has exceeded $21 trillion, according to the U.S. government.
Most of World’s Least Livable Cities Are in Africa and Middle East
A new study shows that virtually all the least livable cities in the world are in Africa or the Middle East, with Baghdad at the very bottom of the list.
Incredibly Strong Consumer Sentiment Tainted by Concerns in the Outlook
The University of Michigan's Survey of Consumers showed that consumer sentiment rose yet again in early March.
If GDP Plunges, What Drags It Down?
What drags the economy down early in the year, or at least makes growth lackluster and not moderate?
Regional Manufacturing Data Keeps Pointing to Strong Employment and Price Pressures in March
With the markets worried about inflation creeping higher and about expected gross domestic product growth creeping lower, sometimes the markets have to digest regional data to see if some inferences can be drawn from regional Federal…
Services and Wages Playing Their Role in Current Inflationary Pressures
When the U.S. Department of Labor released its February measurement of the Producer Price Index (PPI), it showed that producer prices tended to rise more than consumer prices. Unfortunately for the inflation hawks, there…
Too Many Americans Are Still Not Saving Any Money at All
Bankrate.com says that one in five working Americans are not saving any money out of their pay at all.
Retail Sales Now Disappoint for 3 Straight Months
With roughly two-thirds of GDP tied to consumer spending, what should the markets make of a big disappointment in retail sales for February?
Why the CEO Outlook Index Is at Its Highest Level Ever
The Business Roundtable has released its CEO Outlook Index for the first quarter, and it was very positive considering the recent market volatility.
Why Consumer Inflation May Now Be in the Sweet Spot
All of a sudden, inflationary fears may be turning into a view that inflation is entering the sweet spot for policymakers.