by Jacob Musselman | Nov 13, 2024 | Industry News
Total outstanding U.S. consumer debt stood at $5.10 trillion for the third quarter of 2024, increasing at an annualized rate of 3.28%, according to the Federal Reserve’s G.19 Consumer Credit Report. Consumer debt has slowed over the past two years, peaking at a...
by Jacob Musselman | Sep 18, 2024 | Industry News
The Federal Reserve cut interest rates by half a percentage point on Wednesday, in the hopes it will ease inflation, lowering interest rates to the 4.75% to 5% range. Lawmakers on the committee have gained confidence that inflation is moving sustainably toward 2% and...
by Jacob Musselman | Sep 13, 2024 | Industry News
Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor, released by the National Retail Federation (NRF). “Retail sales data shows that consumers continued to spend on...
by Lindsey Thompson | Nov 8, 2022 | Industry News, Operational Insights
In light of inflation woes and continued supply chain issues, the National Retail Federation predicts holiday retail sales during November and December will grow 6% to 8% from 2021. That amount of growth would put sales between $942.6 billion and $960.4 billion for...
by Lindsey Thompson | Oct 20, 2022 | Industry News, Operational Insights
The Home Improvement Research Institute (HIRI), the nation’s leading resource for market research concerning the home and building products industry, has forecasted the current national inflation bulge will lead to a deceleration in home improvement spending. Growth...
