U.S. consumer confidence increased during the last month of 2016, according to new data from The Conference Board.
The Board’s Consumer Confidence Index now stands at 113.7 (1985=100), up from 109.4 in November.
This follows an increase during November.
Consumers were especially positive in their…
If you want to understand how important the residential housing market is to the well-being of the U.S. economy, consider this: The total value of the U.S. housing stock grew to a record-high $29.6 trillion in 2016, according to online real estate company Zillow.
The…
The Federal Reserve System – or “The Fed” – plays an outsized role in regulating our economy on the most basic level. But it wasn’t always so.
In fact, the Fed only came into existence in December 1913, in response to a series of economic crises that roiled the economy in…
The Federal Reserve decided to hike its short-term interest rate for only the second time since the Great Recession. While mortgages and other forms of credit will get pricier, there will also be some benefits for consumers stemming from the move.
Mark Wilson recently broke down those benefits in…
July brought smiles to car dealer’s faces across the land, as sales rebounded from their June slump.
According to Kelley Blue Book, new-vehicle sales in July came within 1% of their record-setting July 2015 level.
This may seem a bit of a disappointment, but it is sweet…