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Moving on

COVID-19 will continue to affect U.S. consumer spending in 2021; and the length of the outbreak, the timing of vaccine distribution, corporate activity such as layoffs and potential government stimulus will all likely influence consumer sentiment around opening their pocketbooks, according to the outlook Fitch Ratings released in December.

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‘Grinch times five’

The COVID-19 pandemic has shattered traditions over the past nine months, and the year end holiday season will be no exception. In the past, holiday shopping would kick off with a Black Friday dash, and hundreds or thousands of consumers crowding into malls and big box stores for the best deals. This year, the madness was far more muted.

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