big-ticket items
US consumer confidence retreats slightly; house prices remain elevated
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
2022
Home Sales Drop For Third Straight Month, Prices Hit Record High
For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year.
22% surge
Target, Walmart shoppers seek home goods, grocery delivery online
U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump.
Brean Capital
US economy grows 5.2% in third quarter; higher interest rates sapping momentum
The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned.