US consumer spending posts first drop in almost two years
U.S. consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record high as businesses front-loaded imports to avoid tariffs, setting up the economy for weak growth or even a contraction this quarter.
U.S. consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial ...
Consumer spending was expected to drop off in January: There’s typically a post-holiday expenditure hangover to start the year; plus, last month’s retail sales data came in far below forecasts.
Inflation decelerated but people are spending less and saving more as prices keep rising and wage growth slows. It’s worrying ...
WASHINGTON (Reuters) - U.S. consumer spending unexpectedly fell in January, but a pick up in inflation could provide cover for the Federal Reserve to delay cutting interest rates for some time.
The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with a red flag for the US economic engine: Consumers pulled back their spending by the most ...
The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, ...
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four ...
US consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record high as businesses front-loaded imports to avoid tariffs, setting up the ...
Wall Street's main indexes were mixed in choppy trading on Friday as investors avoided large bets after data showed consumer ...
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