Wendy’s menu boards. Ben & Jerry’s grocery store freezers. Abercrombie & Fitch’s marketing. Many mainstays of the American customer experience are increasingly powered by artificial intelligence.
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Easing inflation and a strong labor market are helping consumers feel better about the economy this month, a report found.
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As inflation continues its slow and steady descent, consumer sentiment is climbing back out of a trough hit last year. Will that continue, though?
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American consumers increased their borrowing by $28 billion in November, a new report shows, despite the cost of borrowing increasing last year.
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Inflation as measured by the Consumer Price Index cooled considerably in November and is at its lowest level in almost a year.
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US consumer confidence fell in November as inflation and economic uncertainty continued to loom large and potentially dampen holiday shopping plans.
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US consumer confidence fell in October to the lowest level since July as high borrowing costs and soaring inflation take their toll on household budgets.
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Camelia Kuhnen, Professor of Finance, UNC Kenan-Flagler Business School, answers questions about U.S. consumer confidence.
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The latest Personal Consumption Expenditures price index showed that inflation held steady in May, neither abating nor increasing.
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