Latest news with #Numerator
Yahoo
5 days ago
- Business
- Yahoo
Here's why the cool inflation print isn't exciting markets
The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, showed that price increases slowed in April. But as Numerator chief economist Leo Feler explains in the video above, the data may be too backward-looking to excite Wall Street. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This PCE report that came out today, it's backward looking. It's looking at what happened in April, right? And so, in April, that's still way too early for uh any of the tariffs to have had any kind of meaningful impact uh on uh consumer price inflation. What we expect uh is that as firms deplete the inventories that they built up and and we also saw that firms built up a lot of inventory in January, February, and March. Um it's really going to be uh as those inventories are depleted, as firms are starting to bring in uh additional goods coming in from abroad. That's when the tariffs are likely to start having an impact. And so we're really thinking about uh perhaps later in June, July, August and on things that are going to be uh produced uh abroad. You have to think about things are going to be like back-to-school shopping, backpacks, apparel, computers. Um those are the the the items that would really start uh showing some kind of inflationary impact and as you said, I think the Fed is right to look through these current numbers because they're talking about what could have been the case. You know, had it not been for these trade wars, had it not been for some of the policy uncertainty. Um and they're really waiting to see whether or not there will be this uptick in inflation going forward so that they don't make the same mistake again uh of thinking that, you know, there might be a temporary inflation shock, transitory inflation, that turns out to be much more persistent as we had uh in 2021 and 2022.
Yahoo
6 days ago
- Business
- Yahoo
Here's why the cool inflation print isn't exciting markets
The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, showed that price increases slowed in April. But as Numerator chief economist Leo Feler explains in the video above, the data may be too backward-looking to excite Wall Street. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
26-05-2025
- Business
- Axios
What stores, restaurants are open Memorial Day. See the list.
The unofficial start to summer has arrived, and it's marked with patriotic parades, cookouts, record travel and sales. The big picture: 50% of consumers plan to celebrate the Memorial Day holiday weekend, according to a Numerator survey of 5,900 adults. Many Americans have Monday off as 95% of U.S. businesses observe the federal holiday, according to OnTheClock, an employee time tracking company. Memorial Day sales and tariffs What we're watching: Memorial Day weekend sales are a chance to shop before prices rise because of tariffs, said Marc Grossman, head of Wells Fargo's banks factoring group. Grossman recommends consumers even start shopping for the winter holidays. "Not only could inventory be an issue as we get closer to holiday, but with the possible tariff increases, prices could also be impacted," Grossman said. Zoom in: Retailers have been publicly addressing the impact of tariffs differently. The CEOs of three of the nation's biggest retailers privately warned President Trump last month his trade policy could trigger massive product shortages and price spikes. Walmart, the world's largest retailer, said on May 15 it couldn't hold the line anymore and would have to raise some prices. Target said last week it would "offset the vast majority" of tariff impacts to consumers and raise prices as the "very last resort." Home Depot said it doesn't plan to increase prices "broadly," but some items might disappear from store shelves. Banks, stock market closed Memorial Day, no mail 📪 The New York Stock Exchange and Nasdaq are closed on the holiday and will next be closed on Juneteenth, which is on June 19 this year. Stores open on Memorial Day 🛍️ The majority of national chains are keeping their doors open but hours can vary by location. Click on the store name for links to business websites. Stores closed Memorial Day 🚫 Grocery stores open Memorial Day 2025 🛒 Store hours can vary but here are the nation's largest grocery store chains are open Monday. Restaurants open on Memorial Day near me 🍽️ Dig in: Most national chains are open — though some may operate on holiday hours. Fast food open on Memorial Day 2025 🍔 Starbucks, Dunkin' open Memorial Day 2025 ☕ Many Starbucks and Dunkin' locations are open but be on the safe side and check your closest location before heading out. Memorial Day restaurants open Between the lines: Being open on a holiday is often a franchise decision. You can also find restaurants accepting reservations through OpenTable.
Business Insider
21-05-2025
- Business
- Business Insider
Target sales tumble after facing 'headwinds' in wake of DEI rollback
Target sales fell sharply in the three months to May 3, in a period marked by its decision to roll back DEI initiatives in January. In an earnings call Wednesday, Target CEO Brian Cornell said the reaction to the DEI changes was one of several "additional headwinds" that had an adverse impact on sales, but the company could not quantify the amount. Business Insider reported in March that consumer analytics firm Numerator found customer foot traffic and market share had shifted from Target to Costco, particularly among shoppers who value DEI. On an earlier media call, Target executives declined to comment on DEI-related consumer boycotts or say whether tariffs would mean price rises. Comparable sales fell by 3.8%, store traffic was down 2.4% and average transaction size decreased 1.4%. Store-originated sales declined 5.7% and were partially offset by 4.7% growth in digital sales, led by a 36% surge in same-day delivery via Target Circle 360. Target is "looking at ways to mitigate some of those price changes," Cornell said. Sourcing more products from the US rather than China was a potential solution to absorb tariff-related price increases. "So there's certainly items that are being reduced. Some will go up," he said. Target now expects a low-single-digit decline in sales for the full year. Stock fell more than 4% in premarket trading and was down 28% this year at Tuesday's close. It also announced an "acceleration office" led by former CFO Michael Fiddelke aimed at speeding up strategic execution and reversing recent declines. Amy Tu, the chief legal and compliance officer, and the Christina Henningon, chief strategy and growth officer, are both leaving the company. Net income rose $62 million to $1.04 billion.
Miami Herald
19-05-2025
- Business
- Miami Herald
How at risk are grocery staples to tariffs?
While food and groceries rank in the top 20 categories with the highest tariff risk index, the non-food essentials that grocers sell are more likely to face tariff-related price hikes, according to new research from Numerator. Household items, including plastic cutlery and disposable bowls, plates and cups, as of May 12, topped Numerator's recently released Tariff Risk Index. Only two grocery categories made the data firms' list of the top 20 most at-risk categories for tariffs: dessert decorations at No. 17 and vegetable oil at No. 18. The Tariff Risk Index is based on five key datasets - import reliance, tariff exposure, purchase power, U.S. sentiment and price sensitivity - to help brands and retailers understand which factors are driving a category's overall risk score, according to Numerator. Plastic cutlery, for example, has elevated tariff exposure due to heavy dependence on Chinese imports, while vegetable oil and fresh avocados are less impacted by that metric. The indexes for frozen beef, wine, olive oils, shredded cheese, and brick and chunked cheese increased from the tariff scenario for April 9 - which saw a 10% tariff on all countries excluding Canada and Mexico and a 145% tariff on China - to the May 12 one. This most recent tariff scenario is the same as a month ago but with China's tariffs down to 30%. To keep up with these fast changes, Numerator underscored the importance of scenario planning to help brands and retailers anticipate how trade policy changes can alter which categories are most vulnerable to cost pressures and demand disruption, per the Tariff Risk Index webpage. To counter potential shortages and price upticks, Numerator suggests retailers not only identify which categories are most exposed but also set up proactive pricing, sourcing or promotional strategies to offset consumer sensitivity and margin pressure. Copyright 2025 Industry Dive. All rights reserved.
