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Economy

US Sentiment Slides Again as Consumer Pressures Mount

The Conference Board's January measure of US consumer confidence is surprisingly weak, dropping to 84.5 from an upwardly revised December print of 94.2, and well below the 91.0 consensus prediction, notes James Knightley, chief international economist, US, for ING. The current conditions index and the

$100K-$150K Households Living Paycheck to Paycheck Doubled in 12 Months

Among households earning $100,000 to $150,000 annually, the share living paycheck-to-paycheck by necessity has doubled in the last twelve months, from under 10% in early 2025 to 24% by December 2025, according to PYMNTS, a consultancy focused on the digital economy, payments and AI. That, as

Trump Pressures Canada to End U.S. Liquor Boycott

I swear there are times when I think President Trump is bipolar. Recall that since April he has placed 50% tariffs on Canadian steel and aluminum, threatened to crush the Canadian auto industry with import taxes, said he would use "economic force" to make Canada the 51st state.

Benign US Inflation Keeps the Door Open for at Least 2 More Rate Cuts

That's the opinion of James Knightley, chief economist, US, at ING. He notes December inflation data was weaker than expected and confirms tariffs aren't having the immediate impact on prices that most feared. "The fact it is coming through so slowly gives more opportunity for

Services See Expansion

Manufacturing Contracted in December

U.S. GDP Growth Rate Highest Since 2023