Consumer confidence has dropped again. But how will that affect Black Friday spending and sales?
Some retailers are looking to get a jump on holiday sales by opening on Thanksgiving.
Recalling the experience of the 2007-2008 financial crisis, we don’t want excitement. Maybe we should just be happy with bland for a while.
Two of this week’s reports involve closely watched inflation measures.
The May jobs report is behind and a Federal Reserve meeting is on tap later this month.
Consumer spending comprises the bulk of economic activity this week.
And so the holiday season ended for millions of Americans, clinking champagne flutes and slurring their way through a rousing rendition of “Auld Lang Syne.” Considering the economic news of last week, perhaps 2011 should have been greeted with a different theme song. The Knack’s 1979 hit ”Frustrated” seems particularly appropriate. Because in the first