Daily Economy News
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Americans Paying More to Eat at Restaurants
As the economy gathers strength, Americans are seeing higher prices at restaurants and drinking establishments. Over the last 12 months, prices of food away from home – restaurants — have increased by 3 percent, while prices for food purchased at the grocery store have increased by a more modest 0.6 percent, according to an review…
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Why We’re Still Waiting for Liftoff at the Fed
With few expecting the initial interest rate increase in June, it was no big surprise yesterday that no actions were taken at the FOMC June meeting. The meeting statement contained no language change about the central bank’s plans.
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Retention Campaigns Can Have the Opposite Effect
Knowledge at Wharton recently published some interesting research about consumer behavior surrounding retention campaigns. The conclusion was counterintuitive: By offering rewards to large numbers of current customers, a cell phone company actually drove more customers away than those who didn’t get offered the rewards
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Projecting a Consumer Spending Rebound
The Wall Street Journal reported a bright outlook for consumer spending in the months ahead. They could have read it here first: Back in April, the American Institute for Economic Research projected that a consumer spending rebound was on its way.
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A Receding Risk of Recession
In the June edition of Business Conditions Monthly, the American Institute for Economic Research’s bird’s-eye view of the economy, we see a falling probability of recession.
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Retail Sales Bode Well For Second-Quarter Growth
It’s been a good week for good signs about the economy, and this morning offered more encouragement, as consumers showed resurgent buying activity. The Commerce Department reported a 1.2 percent increase in retail sales in May, along with upward revisions for the two prior months.
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AIER’s Educational Programs Applauded
Two of AIER’s economic education programs received enthusiastic interest at the American Economic Association’s Conference on Teaching and Research in Economic Education that was held on May 27-29 in Minneapolis.
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More Positive Momentum on Jobs
This morning we learned that job openings at employers nationwide have hit an all-time high, or at least since the Labor Department started collecting the data in 2001.
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Which Inflation Rate Is Relevant For You?
The Federal Reserve Bank of Atlanta offers a customized price index based on demographic characteristics. But for households planning a budget, AIER’s Everyday Price Index may prove more useful.
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Theories About Why Wage Growth is Slow
The Wall Street Journal has an interesting take on why wage growth has been sluggish despite the general upward trend of the economy in recent years.
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•
Americans Paying More to Eat at Restaurants
As the economy gathers strength, Americans are seeing higher prices at restaurants and drinking establishments. Over the last 12 months, prices of food away from home – restaurants — have increased by 3 percent, while prices for food purchased at the grocery store have increased by a more modest 0.6 percent, according to an review…
-
•
Why We’re Still Waiting for Liftoff at the Fed
With few expecting the initial interest rate increase in June, it was no big surprise yesterday that no actions were taken at the FOMC June meeting. The meeting statement contained no language change about the central bank’s plans.
-
•
Retention Campaigns Can Have the Opposite Effect
Knowledge at Wharton recently published some interesting research about consumer behavior surrounding retention campaigns. The conclusion was counterintuitive: By offering rewards to large numbers of current customers, a cell phone company actually drove more customers away than those who didn’t get offered the rewards
-
•
Projecting a Consumer Spending Rebound
The Wall Street Journal reported a bright outlook for consumer spending in the months ahead. They could have read it here first: Back in April, the American Institute for Economic Research projected that a consumer spending rebound was on its way.
-
•
A Receding Risk of Recession
In the June edition of Business Conditions Monthly, the American Institute for Economic Research’s bird’s-eye view of the economy, we see a falling probability of recession.
-
•
Retail Sales Bode Well For Second-Quarter Growth
It’s been a good week for good signs about the economy, and this morning offered more encouragement, as consumers showed resurgent buying activity. The Commerce Department reported a 1.2 percent increase in retail sales in May, along with upward revisions for the two prior months.
-
•
AIER’s Educational Programs Applauded
Two of AIER’s economic education programs received enthusiastic interest at the American Economic Association’s Conference on Teaching and Research in Economic Education that was held on May 27-29 in Minneapolis.
-
•
More Positive Momentum on Jobs
This morning we learned that job openings at employers nationwide have hit an all-time high, or at least since the Labor Department started collecting the data in 2001.
-
•
Which Inflation Rate Is Relevant For You?
The Federal Reserve Bank of Atlanta offers a customized price index based on demographic characteristics. But for households planning a budget, AIER’s Everyday Price Index may prove more useful.
-
•
Theories About Why Wage Growth is Slow
The Wall Street Journal has an interesting take on why wage growth has been sluggish despite the general upward trend of the economy in recent years.