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Economy

Consumer Expectations Continue to Slip

Consumer confidence was a little firmer than expected Tuesday (3/31), but the expectations number dipped and with broadening weakness being seen in the jobs market, households remain wary, James Knightley, Chief International Economist, US, at ING said. Rising gasoline prices will put added pressure on household finances and hiring

Wark: Blame K-Shaped Economy for Decline in Wine Sales

Wark: Blame K-Shaped Economy for Decline in Wine Sales

As far as I know, we are the only alcohol-beverage newsletter to regularly report on economic matters, and we are the only one to have consistently for the past decade warned that the ever-increasing squeeze of middle- and lower-class bev/al consumers would hurt all segments and

Before Iran, U.S. Price Pressures Were OK. Now, Energy Prices Warn of 3% Inflation Again

February inflation data suggests that price pressures were in an OK place ahead of the military action in Iran, James Knightley, chief international economist, U.S., ING said in a note to clients. But with energy costs on the rise and concerns about supply bottlenecks in the region, we are

Services Sector Heating Up

Economic activity in the services sector continued to expand in February, the nation’s purchasing and supply executives say in the latest ISM® Services PMI® Report. The Services PMI registered 56.1%, its 20th month in a row in expansion territory, and an increase of 2.5 percentage points. “February’

How Trump's Iran War Will Hurt Bev/Al

I misspoke a couple of days ago when I said President Trump's attack on Iran would have little if any impact on the bev/al industry. I was thinking about shipping lanes and the fact alcohol is prohibited in the Muslim-dominated Middle Eastern countries. But attacks on

Services Sector Sees Expansion in January

Economic activity in the services sector continued to expand in January, say the nation’s purchasing and supply executives in the latest ISM Services PMI Report. The Services PMI registered 53.8% to start 2026 as it finished 2025, on a positive note, with its 19th month in a row

Fed Holds Rates Steady

You can expect the Federal Reserve to make two more 1/4-point cuts in interest rates, ING says, noting that it left monetary policy unchanged in a range between 3.5% and 3.75%. But, ING said, the accompanying statement and press conference suggested the Fed is more confident