New York Times (December 26)
“Despite lingering inflation, Americans increased their spending this holiday season, early data shows. That comes as a big relief for retailers that had spent much of the year fearing the economy would soon weaken and consumer spending would fall. Year on year, “retail sales from Nov. 1 to Dec. 24 increased 3.1 percent.”
Tags: Consumer spending, Economy, Fearing, Holiday season, Increased, Inflation, Lingering, Relief, Retail sales, Retailers, Weaken
Washington Post (October 10)
“By just about every measure, the U.S. economy is in good shape. Growth is strong. Unemployment is low. Inflation is back down. More important, many Americans are getting sizable pay raises, and middle-class wealth has surged to record levels.” And yet the lingering effects of inflation seem to have blinded many to the fact that “we are living through one of the best economic years of many people’s lifetimes.”
Tags: Best, Economy, Growth, Inflation, Lingering, Middle class, Pay raises, Record levels, Strong, Surged, U.S., Unemployment, Wealth
New York Times (December 26)
“Despite lingering inflation, Americans increased their spending this holiday season, early data shows. That comes as a big relief for retailers that had spent much of the year fearing the economy would soon weaken and consumer spending would fall.” It appears that “solid job growth is allowing people to spend more. And even though consumer prices have risen a lot in the last two years, wages have grown faster on the whole.”
Tags: Consumer spending, Economy, Holiday season, Inflation, Job growth, Lingering, Prices, Relief, Retailers, U.S.
Reuters (August 10)
“The United States may be over the hump on inflation, but consumers aren’t acting like it. Spending is growing at the same pace as last year, and most Americans expect their finances to either stay the same or get worse…. Lingering restraint will stretch the power of price elasticity to its limits.”
Tags: Consumers, Finances, Growing, Hump, Inflation, Limits, Lingering, Pace, Price elasticity, Restraint, Spending, Stretch, U.S., Worse
Tampa Bay Times (February 9)
The latest Omicron wave “isn’t receding as quickly as hoped” based on the symmetry of past waves. “By now cases should have fallen to fewer than 5,000 cases a day. Instead, Florida’s daily average was nearly 18,000 cases on Sunday…nearly 270 percent higher than expected had the wave been perfectly symmetrical.” Omicron’s lingering success appears linked to “an abundance of mutations that made the variant about 2.7 to 3. 7 times more infectious than the delta variant in vaccinated households.”
Tags: 000 cases, 18, Delta, Expected, Florida, Higher, Infectious, Lingering, Mutations, Omicron, Receding, Symmetry, Variant, Wave, Waves
