U.S. Consumer Confidence Declined in January
The Expectations Index is below 80 which often signals a recession within the next year. Both present situation and expectations indexes were revised up slightly in December.
holiday retail sales
U.S. Economy Expands at 2.9% Rate in Q4
The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.
Inflation Rate Drops for 6th Month; Housing Market Still High
There’s good news on the inflation front: December 2022 marked the sixth straight month that the U.S. rate of inflation has decreased.
Most Business Chiefs Expect Bleak Economic Outlook for 2023, PwC Survey Finds
A volatile economy, high inflation, and geopolitical conflict have contributed to CEO pessimism.