Rate rises crimp consumer sales
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Rate rises have cut demand for consumer services such as beauty treatments and holidays, a CBI survey suggests.
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Strong performances my mobile phone and carpet stores have prompted a surprise rise in retail sales figures, and revived fears that interest rates may yet be raised again this year.
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Britain&#39;s retail sales unexpectedly bounced back last month as shoppers apparently shrugged off the Bank of England&#39;s five interest rate rises since November.
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U.S. home loan refinancing  applications surged last week, industry trade group figures  showed on Wednesday, as consumers sought to lock in rates ahead  of a widely expected interest rate hike by the Federal Reserve  at the end of June.
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The Federal Reserve reported Thursday that consumer borrowing rose at an annual rate of 2.1 percent in December, the weakest showing since April.
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Rates on 30-year and one-year mortgages climbed this week, while rates on some other home loans didn't budge.
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New applications for U.S. home  mortgages rose last week as lower interest rates spurred  purchases, an industry group said on Wednesday.
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Treasury yields crept higher last week with continued signs of economic strengthening. An improving job market, rising consumer sentiment and booming home sales added to the reasons many traders expect the
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Orders for US durable goods posted a larger-than-expected rise in July, but new home sales showed signs of buckling under the weight of higher interest rates, two government reports showed on Wednesday.
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US consumer prices accelerated in September, a gain that may strengthen the Federal Reserve&#39;s resolve to increase interest rates to head off inflation as oil prices surge.
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U.S. durable goods orders rose, with  key components gaining strongly, and single-family homes sales  soared in September, reinforcing views the Federal Reserve will  raise interest rates further this year.
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Consumers battered by a multitude of economic woes came roaring back in November, pushing retail sales up by the largest amount in four months.
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US consumer borrowing increased less than expected in December after the Federal Reserve raised interest rates five times in the last half of 2004.
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WASHINGTON -- Consumers' borrowing grew in January, reflecting an increase in auto loans. The Federal Reserve reported yesterday that consumer credit rose at a 3.2 percent annual rate, up from December's 2.5 percent increase.
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U.S. consumer prices rose an  as-expected 0.2 percent last month, a government report showed  on Tuesday, but a sharp jump in lodging costs helped push  so-called core inflation up at its fastest pace in five months.
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Orders for U.S. durable goods posted  a larger-than-expected rise in July, but new home sales showed  signs of buckling under the weight of higher interest rates,  two government reports showed on Wednesday.
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Retail sales rose a strong 1.2 percent in November, but producer prices posted their biggest gain in 34 years, offering a reminder that rising costs are weighing on the economy.