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This Week: Consumer credit, GameStop earns, consumer prices – Washington, District of Columbia

Washington, District of Columbia 2021-06-07 01:10:06 –

Let’s take a look at some of the major business events and economic indicators scheduled for this week: BORROW AND SPEND The Federal…

Let’s take a look at some of the major business events and economic indicators scheduled for this week.

Borrow and use

The Federal Reserve Board will publish a April snapshot of US consumer borrowing on Monday.

Consumer borrowing is expected to increase by $ 20 billion in April, less than the $ 25.8 billion increase in March, according to aggregates excluding mortgages and real estate mortgages. This rise in March brought total consumer credit to a record $ 4.24 trillion. Consumer borrowing is carefully monitored for signs that households are willing to borrow to cover their spending.

Consumer credit, monthly changes, seasonally adjusted, billions of dollars:

November 11.5

December 11.5

January 16

February 26 1

March 25.8

April (planned) 20

Source: FactSet

Doesn’t it turn red?

Wall Street expects GameStop’s latest quarterly report card to be slightly less red.

Analysts predict that the company will report on Wednesday that it has reduced its February-April quarterly losses compared to the same period last year. Video game retailers’ stock prices have risen by more than 1,200% this year amid social media-led investment frenzy. It is committed to transforming into a more online-focused company. GameStop announced its first quarter financial results on Wednesday.

Inflation barometer

The US Consumer Price Index is expected to indicate that inflation has risen again last month.

The Ministry of Labor’s consumer price index, due out Thursday, is projected to rise 4.6% in the 12 months to May. This is the fastest pace since it increased by 4.9% in the 12 months ended in September 2008. Prices are rising this year, raising concerns about financial markets and fears that rising inflation could undermine economic recovery.

Consumer price index, annual rate of change, no seasonal adjustment:

December 1.4

January 14

February 17

March 2.6

April 4.2

May (estimated) 4.6

Source: FactSet

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