Well before the Iran war, many consumers already were being more choosy with their discretionary purchases.
Well before the Iran war, many consumers already were being more choosy with their discretionary purchases.Open
U.S. Department of Agriculture Secretary Brooke Rollins will testify before a House panel on Thursday morning on the USDA‘s domestic priorities and President Trumps fiscal 2027 budget request. The White House is seeking $20.8 billion in discretionary budget authority for USDA in 2027, a $4.9 billion decrease from 2026. The hearing comes as many U.S. farmworkers say they cannot afford fertilizer due to rising costs caused by the closure of the Strait of Hormuz — a key shipping channel — and the U.S.-Israeli conflict in Iran. Rollins in past comments signaled the price increases would not be "shouldn't be too disruptive" for farmers. #brookerollins #agriculture #trump
American shoppers are still spending — but they're becoming pickier about where their money goes. Why it matters: Results Thursday from Dollar Tree, Burlington, Best Buy and Kohl's suggest that consumers are still willing to spend on bargains and small indulgences — yet are becoming increasingly selective as higher gas prices and other everyday costs pressure household budgets. The big picture: Retailers gaining traction right now are the ones giving shoppers clear value , convenience or a reason to spend. - Dollar Tree CEO Mike Creedon said customers remain "value focused" as higher fuel prices and broader economic uncertainty pressure budgets. - "People still want to treat themselves," Creedon said, describing Dollar Tree as a…
American shoppers are still spending — but they're becoming pickier about where their money goes. Why it matters: Results Thursday from Dollar Tree, Burlington, Best Buy and Kohl's suggest that consumers are still willing to spend on bargains and small indulgences — yet are becoming increasingly selective as higher gas prices and other everyday costs pressure household budgets. The big picture: Retailers gaining traction right now are the ones giving shoppers clear value , convenience or a reason to spend. - Dollar Tree CEO Mike Creedon said customers remain "value focused" as higher fuel prices and broader economic uncertainty pressure budgets. - "People still want to treat themselves," Creedon said, describing Dollar Tree as a…Open
Commerce Secretary Howard Lutnick will testify before the House Appropriations Committee on Thursday morning on President Trump’s fiscal 2027 budget request. The White House is requesting $9.2 billion in discretionary budget authority for the Commerce Department — a $1.3 billion decrease from 2026 levels, including cuts to climate research grants and other programs deemed “wasteful.” The hearing comes just [...]
Data: Census Bureau; Chart: Neil Irwin/Axios We don't know yet how the Iran war and the resulting surge in energy prices will ripple through the U.S. economy. We do know that American consumers were in pretty solid shape before it all began. The big picture: New retail sales and employment data out Wednesday morning point to an underlying strength in consumer demand, propped up by wages that have kept rising. - The question for the months ahead is whether the underlying trends that have kept consumers afloat — including a buoyant stock market and a low-layoff job market — can power it through an era of war-induced shocks and weak hiring. Driving the news: Retail sales rose 0.6% in February, the Census Bureau said, reversing a…
Data: Census Bureau; Chart: Neil Irwin/Axios We don't know yet how the Iran war and the resulting surge in energy prices will ripple through the U.S. economy. We do know that American consumers were in pretty solid shape before it all began. The big picture: New retail sales and employment data out Wednesday morning point to an underlying strength in consumer demand, propped up by wages that have kept rising. - The question for the months ahead is whether the underlying trends that have kept consumers afloat — including a buoyant stock market and a low-layoff job market — can power it through an era of war-induced shocks and weak hiring. Driving the news: Retail sales rose 0.6% in February, the Census Bureau said, reversing a…Open