Is the Recovery Stalling Out? Some Data May Suggest That it Is

The economy may be struggling to gain traction as the pandemic shows little sign of ending, according to data released by JPMorgan Chase. CNBC reports that the data shows spending has leveled off at about 10 percent below its’ 2019 levels for more than a month. The data includes use of both credit and debit […]

Consumer Spending Appears to be Rebounding

Federal stimulus money appears to be driving a resurgence in consumer spending, according to data released by the federal government. CNBC reports that while people held back on spending money in March and April due to the Coronavirus pandemic, the retail sales numbers in May rose 17.7 percent, far exceeding expectation. MasterCard and Visa both […]