The U.S. Department of Commerce’s Advance Monthly Sales for Retail and Food Services report revealed that May headline retail sales fell .2%, which was slightly better than market expectations. The report, which contains estimated monthly sales for retail and food services that are adjusted and unadjusted for seasonal variations, also showed that retail sales less gas and autos increased .3%, just above the market consensus of .2%. April’s headline number was revised lower to .3%, while the ex-gas and autos statistic was revised higher to .3%.
Speculation about inflation is increasing as geopolitical tensions disrupt the production and supply of oil. As a result, gas prices have risen dramatically, shooting up $1.02 to $3.87 for regular unleaded from $2.85 a year ago. Since prices at the pump are highly visible and have an immediate and direct impact on consumers, people […]
nearly 1,500 Americans in the summer 2009 and found that not only is the household financial hole deep, but people might not be able to dig themselves out of it as easily as they thought.
Inflation is the topic on everyone’s mind. In the United States, a visit to the gas station is enough to cause most people to worry. In emerging-market countries, the rising cost of food has resulted in significant geopolitical unrest. While the prospects of $5-per-gallon gasoline and $4-per-gallon milk aren’t things we like to […]
With a plethora of economic reports due in the next few days, all eyes will be on the fragile recovery. The housing market looks like a “double dipper”, but what will the next round of reports bring, and what impact will it have on your portfolio? SEI May31 weekly update
The passage of Federal Health Care Reform, also known as the Patient Protection and Affordable Care Act, provides opportunities and challenges for all parts of our health care system, including employers, consumers, providers and insurers. We are committed to providing our clients with information about health reform and how it may impact them.
Please take a moment to view our video: CCC Economic Update
There is an increased amount of speculation about inflation, as geopolitical tensions continue to build and disrupt the production and supply of oil. The increase in rhetoric is focused around both short- and long-term inflation: if inflation is present, is it transitory or is it settling in for the long haul? At times, it […]
Scammers already are trying to profit off the tragedy and devastation that continues to unfold in the aftermath of Japan’s massive earthquake and tsunami.
Having just returned from a trip to South America that included visits to Machu Picchu, the Straights of Magellan, Cape Horn, Ushuaia, Argentina, and Rio De Janeiro, my wife and I though about how lucky we were to visit such exotic locales. In addition to the cultural exposure, we felt that we have a deeper […]
Estate planning is an essential part of anyone’s personal finances — no matter how wealthy you are. But even for those who have been diligent about planning for their spouses and heirs, this is a year when it may make particular sense to re-examine your strategy.
You may have read that term life insurance rates are at historic lows and that now is the time to buy. It’s worth a quick primer on why life insurance is necessary and who should buy it before getting to specific amounts that individuals should own.
Sovereign debt troubles continue to persist in Greece and other parts of peripheral Europe, resulting in volatile global markets and heighted anxiety.
From a market perspective, the month of May had more than its fair share of challenges.