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Consumer sentiment remained subdued in May
Consumer pessimism persists amid worries about the outlook for the economy and the looming deadline to raise the debt ceiling.
Q1 GDP revised modestly higher to 1.3%
The U.S. economy slowed in Q1, despite a resurgence in consumer spending that was revised fractionally higher in updated data from the Commerce Department.
Could the current fiscal standoff over the debt ceiling have a long-term impact on market performance?
Policymakers continue to debate the terms of an agreement to raise the debt ceiling, but the long-term impact on the stock market are likely to be limited.
Consumer sentiment falls sharply in May amid recession worries
Consumers are losing stamina as the economy shows increasing signs of weakness.
Special market commentary: Debt ceiling negotiations in focus
The countdown is on for policymakers to come to an agreement and avoid a default.
The Consumer Price Index dipped below 5% in April for the first time in nearly two years
A sub-5% reading on the CPI may be viewed as another sign of progress in the Fed’s battle against inflation, but sticky measures of core inflation still suggest that the path back to “normal” will take some time.
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