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Keyword: Consumer spending

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Inflation balloon

Unlikely that Fed will see enough support for a June cut, Moody's says

NFC - Near field communication mobile payment

With jobs plentiful, Americans seem unfazed by higher prices

Heavy weight

Highly-indebted countries could face a negative feedback loop

Canadian flags in business district

Upfront spending weighs on banks' bottom lines, despite revenue growth

A silhouetted businessman stands on top of a mountain peak and looks into the distance with a spyglass in front of a dramatic sunset in the distance

Growth forecast revised up, rate cuts still slated for second half

8508076 - close-up of payment machine buttons with human hand holding plastic card near by

Delinquencies, charge-offs rose in Q4 as financial stress intensified

Man on dollar cloud

Financial strains continue amid high rates, but recession risk receding

credit card concern

Robust consumer spending is fuelled by credit growth, report says

8508076 - close-up of payment machine buttons with human hand holding plastic card near by

Economists say the strain is not likely to spill over into the broader economy

  • By: Ken Sweet
  • February 5, 2024 February 5, 2024
  • 11:10
Financial stock exchange market display screen board on the street

Lagging effect of higher rates likely to bite this year, report says