Drunken Sailors

With the free money gone, the hangover is getting worked off. By Wolf Richter for WOLF STREET. The 30-day-plus delinquency rate on credit cards issued by all commercial banks declined to 3.05% in Q1 seasonally adjusted, the third […]

Inflation-adjusted consumer spending jumped. They splurged on durable goods. And still saved some. In response, the Atlanta Fed’s GDPNow jumped. By Wolf Richter for WOLF STREET. Consumer spending, adjusted for inflation, rose by 0.39% in July from June. Spending growth […]