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Gain in consumer sentiment adds to soft-landing scenario

Consumer showing signs of stress in August

Inflation-adjusted consumer spending rose 0.1% last month. The report from the Bureau of Economic Analysis showed inflation-adjusted spending on services rose 0.2%, helped by a pickup in outlays on transportation and recreation. Spending on merchandise fell 0.2%, the...
Visa beats on earnings as worldwide payments volume climbs by 8%

Consumer credit showing signs of stress

The typical pattern is for households to run up credit card balances for holiday shopping and then for consumers to pay down credit card balances in the first quarter. That’s what happens in a healthy economy where consumers are living within their means and...
Gain in consumer sentiment adds to soft-landing scenario

The consumer credit crunch rolls on

Capital One Financial (COF), the third-largest U.S. credit card lender, is cutting borrowing limits on it credit cards. The company has said it’s no big deal, telling Bloomberg that “Capital One periodically reviews accounts based on a variety of factors and may...