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.
Consumers cut spending by most in four years last month even as inflation fell
A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that progress. Yet data released Friday by the Commerce Department also showed that Americans cut their spending last month 0.
A new WalletHub study looked at grocery prices and what states had the highest cost compared to average annual income.
Dow drops 400 points as weak consumer sentiment and UnitedHealth slump weigh on US stocks. Inflation fears and PMI data add ...
Major stock indexes suffered their worst losses of the year Friday amid concerns among consumers and businesses that ...
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