consumer spending: Why Credit Card Holders May Benefit from The Fed's Actions Today - 12/11/07 12:28 PM
The Federal Open Market Committee meets today and will release a public statement at 2:15 P.M. ET. 
It is widely expected that the FOMC will lower the Fed Funds Rate by at least 0.250%.
When the FOMC lowers the Fed Funds Rate, it is trying to "loosen" credit for … (2 comments)

consumer spending: Have You Ever Wondered Where the Money Goes? - 10/04/07 09:55 AM
Where does your money go?  If you're like most Americans, more than half of it goes towards housing and transportation alone. 
This is according to the Consumer Expenditure Survey performed by the Bureau of Labor Statistics. 
The most recent study shows American household spending habits from 2005, but the … (7 comments)

consumer spending: The Week in Review (October 1, 2007) : What to Watch For - 10/01/07 11:30 AM
Even as home sales fall nationwide, the economy continues to move forward.
Year-over-year inflation as measured by Personal Consumption Expenditures registered 1.8%, well within the Fed's tolerance levels of 1-2% and suggesting that the economy is in "Goldilocks" mode -- not too hot and not too cold.
Many economists had … (2 comments)

consumer spending: Americans Will Spend $179 Million More on Gasoline Today than One Year Ago - 09/27/07 03:37 PM
Economists worry about rising oil prices because it tends to generate higher pump prices for Americans.  With more money spent on gasoline, there's (theoretically) less money available to spend on goods and services. 
Today, GasBuddy.com says that the average price for a gallon of unleaded gasoline is $2.792, up … (16 comments)

consumer spending: Can't Find Your Cash? You Probably Ate or Drank It! - 09/25/07 02:17 PM
In a study of 2,036 U.S. adults commissioned by Visa USA, nearly half of all Americans are losing track of their money. 
An average of $45 in cash is "lost" each week in what Visa dubs "mystery spending", Visa's version of "I know I had this money in my … (11 comments)

 
Loan Officer: Ilyce N. Powell, CMPS™ - Certified Mortgage Planning Specialist (Envision Lending Group)
Ilyce N. Powell, CMPS™ - Certified Mortgage Planning Specialist
Baltimore, MD
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Envision Lending Group

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