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.
US consumer spending falls in January; monthly inflation rises
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. Consumer spending, which accounts for more than two-thirds of U.
Grocery prices were ... in all 50 states" for egg prices, he said. Grocery prices were up 1.9% in January from 1.2% in January 2024, according to the latest Consumer Price Index figures, ...
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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