U.S. consumer spending saw its largest increase in more than eight years in September, buoyed by the replacement of flood-damaged vehicles in Texas and Florida, according to a Monday (Oct. 30) Reuters report. While consumers spent more in September 2017 than in years past, inflation...
The Commerce Department said consumer spending in the U.S. saw a uptick that was slightly under what was expected in July, while the annual rate of inflation moved at the slowest rate in more than a year and a half. That’s according to news from...
February 29, 2024
The headlines Thursday (Feb. 29) trumpet the fact that inflation rose in January at the rate most people expected — by 3% month on month. The Personal Consumption Expenditures (PCE) price index is parsed by Wall Street and by the Federal Reserve in mulling when, and by how much, interest rates might be cut in […]
September 01, 2017
The Commerce Department said consumer spending in the U.S. saw a uptick that was slightly under what was expected in July, while the annual rate of inflation moved at the slowest rate in more than a year and a half. That’s according to news from Reuters, which cited data from the Federal Reserve issued Thursday […]
