Hungary registered the slowest wage growth in more than two years in May, showing consumers’ fading spending power to help reinvigorate the economy https://t.co/jOU7xraGXy ...

Consumer Spending Trends - Bank of America Institute data indicates a 2% increase in debit and credit card spending in June [1] - While consumer spending rebounded in June, it didn't fully offset earlier declines, suggesting a cooling trend [2] - Lower-income households are primarily driving the pullback in spending, while higher-income household spending accelerated by 1.2% [5] - Discretionary travel spending is declining, but restaurant spending shows a dichotomy, with fewer households dining out but spending more per transaction [6][7] Income and Wage Growth - Higher-income households experienced accelerated after-tax wage growth, nearing 3%, for the third consecutive month [9] - Lower-income households saw decelerated after-tax wage growth, increasing by 1.6% compared to 1.8% previously [10] Credit Card Usage - Younger generations entering a challenging labor market are a focal point regarding credit card usage [11]

Florida is the place to be if you’re hoping for fast-growing wages. See if your city made the list: https://t.co/6BAKHEQM4KPhoto: Getty Images https://t.co/xrP0RQAOUF ...

Florida is the place to be if you’re hoping for fast-growing wages. See if your city made the list: https://t.co/ShvkpXYTOqPhoto: Getty Images https://t.co/nQs1qe2zQe ...

We've had the decision from the MPC to keep interest rates unchanged by a margin of 6 to 3, a bit closer than some had expected. Just take us through the thinking there. So we decided to hold rates at 4.25%.Today, we have been able to cut rates four times over the last year. But given the uncertainty facing the economy, we decided to hold at this event. And one of those uncertainties, of course, are the unfolding events in the Middle East and the impact that could have on the oil price.At what point would t ...