Consumer

President Donald Trump slammed Federal Reserve Chair Jerome Powell on social media, calling him a "major loser" and "Mr. Too Late" while calling for interest rate cuts.

The Consumer Financial Protection Bureau (CFPB) moved to make sweeping job cuts as the Trump administration looks refocus the agency's regulatory objectives with a smaller workforce.

The New York Federal Reserve's new survey of consumer expectations found Americans are more pessimistic about the labor market amid concerns over rising unemployment.

Corporate bankruptcies in the U.S. increased to their highest level in the first quarter since 2010, as firms with weaker balance sheets struggled to make debt payments.

The Labor Department on Thursday released the March consumer price index (CPI) report, which showed inflation rose at a slightly slower pace last month, though it remains above the Fed's goal.

The Commerce Department released the February personal consumption expenditures (PCE) index, which showed that inflation remains above the Federal Reserve's 2% goal.

The Conference Board's consumer confidence report for March showed deeper than expected declines, with consumers' short-term expectations dipping to the lowest level in 12 years.

The Labor Department on Wednesday released the consumer price index for February, which found inflation was 2.8%, slower than economists' expectations ahead of the next Federal Reserve meeting.

UAW leader Shawn Fain defended President Donald Trump's tariffs on Canada and Mexico as an effort to "stop the bleeding" of manufacturing jobs leaving the U.S.

The percentage of borrowers with subprime car loans at least 60 days past due rose to the highest level since at least 1994 in January amid high car prices and elevated interest rates.

The Commerce Department's second estimate of fourth quarter GDP showed the economy grew 2.3% at the end of last year, in line with expectations and the prior estimate.

The Conference Board's consumer confidence report found that confidence slumped in February with the biggest monthly drop in nearly four years amid inflation and tariff concerns.

The top 10% of American households in terms of income earned are driving nearly half of all U.S. consumer spending, according to a new analysis by Moody's Analytics.

Consumer sentiment plunged more than expected in February while households' inflation expectations amid uncertainty over the impact of President Trump's economic plans.

Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found.

New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could reshape financial services, though it would carry a cost.

American households' spending on Super Bowl festivities is expected to rise, even as a greater share of Americans say they want to spend less, a new study found.

President Donald Trump's tariffs on Mexico and Canada could take effect next month, with consumers likely to see prices rise for several types of products if they move forward.

President Donald Trump has tasked Treasury Secretary Scott Bessent with serving as the acting director of the Consumer Financial Protection Bureau, the agency said Monday.

The Federal Trade Commission has approved a motion granting Chairman Andrew Ferguson the authority to comply with President Donald Trump’s executive orders slashing DEI programs.