Fed Says Most Businesses Optimistic, Consumer Spending ‘Mixed’
The U.S. economy grew at a modest pace through much of July and August, with companies remaining upbeat despite disruption caused by international trade disputes, a Federal Reserve survey found.
September 4, 2019Consumer Spending, Incomes Post Solid Gains in June
Consumer spending rose a healthy 0.3% in June, slightly below the strong gains of the past three months, while incomes turned in a solid 0.4% gain for the fourth straight month.
July 30, 2019First-Quarter Consumer Spending Revised Down to 0.9% Gain
U.S. consumer spending in the first quarter was even weaker than previously reported on lower outlays for services while business investment was revised higher, leaving the pace of economic growth at a still-solid 3.1%.
June 27, 2019Consumer Spending Slows to 0.3% Gain in April
The Commerce Department said May 31 that consumer spending increased 0.3% in April after a 1.1% surge in March that had been the largest increase in nearly a decade. Personal income growth, which had been lagging in recent months, jumped 0.5% in April.
May 31, 2019March Consumer Spending Jumps as Core Inflation Eases
U.S. consumer spending rebounded in March while the Federal Reserve’s preferred underlying inflation gauge eased to a one-year low, reinforcing the central bank’s patient stance on interest rates even as the economy’s main engine holds up.
April 29, 2019Consumer Spending Misses Forecasts as Inflation Eases
U.S. consumer spending in January was short of projections while inflation eased, an early read on the economy in the first quarter that may add to concerns about the outlook.
March 29, 2019JPMorgan Chase: Tax Refunds Often Reset Consumers’ Finances
Refunds have averaged $3,602, and amount to the biggest incoming cash flow day of the year for 29% of recipients, according to the institute’s study of bank and credit card customer data from 2015-17, before the 2017 Republican tax law took effect.
March 5, 2019Consumer Spending Fell Sharp 0.5% in December
WASHINGTON — U.S. consumer spending tumbled 0.5% in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January.
March 1, 2019Missing Data During Shutdown Complicates Consumer Spending Reports
The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock market swoons and trade-war tensions, but key data on their spending — the biggest part of the economy — will be missing due to the government shutdown.
January 15, 2019Consumer Spending Tops Forecasts as Inflation Data Mixed
U.S. consumer spending rose more than forecast in November and the prior month was revised higher, a sign the biggest part of the economy is again poised to drive growth this quarter. An underlying inflation gauge watched by the Federal Reserve showed a slight pickup.
December 21, 2018