Remaining excess savings unlikely to be spent, Fitch says
China's reopening powers GDP acceleration
Supply chains are good now but demand is lacking
Inflation “too sticky,” BoA analyst says as new data show prices increased 4.4% year over year
Tighter financial conditions and diminished savings will weigh on U.S. consumers, Fitch says
Consumer prices rose by 0.4% from March to April, up by 4.9% from April 2022.
Customer card data signal monthly slowdown in spending
Deal activity settling at lower level, post-pandemic, Crosbie & Co. reports
Supply chain issues, wage costs keep food prices high, even as inputs fall
Discretionary spending expected to drop as impact of higher interest rates is felt, RBC says