According to a recent debt poll, consumers did not let the decades-high inflation stop them from using their credit cards to make purchases this holiday season. According to a LendingTree poll of 2,050 adults conducted between December 16 and 19, they now want to take
Another indication that a protracted rise in consumer prices may be slowing down is the Federal Reserve’s closely watched measure of inflation slowing last month. According to the Commerce Department’s report released on Friday, prices increased 5.5% in November compared to a year earlier, which
Numerous new indications indicate that the war on inflation is over, and not because of the Fed. On Wednesday, talk of the Federal Reserve raising interest rates will be rampant, and people will be talking about everything they do and say. That probably increases short-term
According to its retail manager, Ingka Group, which owns the majority of IKEA furniture stores, is planning additional price reductions as some input costs decline. This is a change from price increases implemented last year to combat skyrocketing inflation. At the end of August, the
According to new information on Thanksgiving spending, more holiday shoppers are delaying paying their bills with buy-now-pay-later apps, even financing less expensive items. According to Adobe, spending on these apps increased 1.3% over Thanksgiving, but Salesforce data shows a 6% decline in the average order
This holiday season, retailers plan to promote smaller and less expensive toys in an effort to entice wary consumers as inflation drives up the cost of everything from gas to groceries. According to MGA Entertainment’s CEO Isaac Larian, who also produces the LOL Surprise and
Inflation eased slightly in October from the punishing levels seen in recent months, but high prices continued to put pressure on American households even as the Federal Reserve works to reduce them. The Consumer Price Index — a closely watched measure of the cost of
According to data released on Monday by real estate firm Redfin, decades of high inflation are causing many prospective homebuyers to consider relocating to cities deemed more affordable. Rising mortgage rates have stifled housing demand in the United States. However, among those still looking to
In the United States, inflation rose 8.2% in September, a larger-than-expected increase as stubbornly high rent and food prices appear set to secure another significant Federal Reserve interest rate hike next month. The Labor Department’s Consumer Price Index, a frequently watched gauge of the expenses
Bitcoin, blockchain, crypto…Dogecoin. Are these new forms of money? The next hot investment? Or, a fad that will be irrelevant in 5 years? Unless you’ve been living under a rock for the last few years, chances are you’ve heard of Blockchain, a new digital technology
The announcement that Dollar Tree is raising its prices to $1.25 might seem like old news, but this is only the beginning. “This decision is permanent and is not a reaction to short-term or transitory market conditions,” says the retail brand. Dollar Tree is also
Supply chain issues coupled with the highest inflation in decades is proving to be a source of anxiety and upset for many Americans. If $50 Thanksgiving turkeys aren’t bad enough, there’s soon to be a significant price hike in a commodity that many enjoy every
