We now expect at least three 25 basis-point hikes at the Fed’s March, May and June policy meetings with the risk of a 50 basis-point hike in March. … READ MORE >
personal consumption expenditures
American consumers grow more cautious as spending falls
Personal spending fell by 0.2% in dollar terms in December and by 0.3% after adjusting for inflation, which rose by 0.1% on the month. … READ MORE >
Spending holds strong as inflation moderates in October
Spending rose by 0.8% in October while income increased by 0.7%. After adjusting for inflation, real spending rose by 0.5% and income was up by 0.4%. … READ MORE >
U.S. October CPI: Inflation still high, but relief on the horizon
U.S. inflation is most likely approaching an inflection point where the central bank can begin considering a pause in its efforts to restore price stability. … READ MORE >
Spending grows, even with higher-than-expected inflation
Despite a sharp drop in energy prices, August’s personal consumption expenditures price index—the Federal Reserve’s key gauge for inflation—rose by 0.3% after falling by 0.1% in July. The price increases ate into spending, bringing spending growth from a 0.4% increase in dollar terms to only a 0.1% gain on inflation-adjusted … … READ MORE >
How high must unemployment rise to tame inflation?
To reduce inflation to acceptable levels, it will be necessary to destroy between 1.7 million and 5.3 million jobs. … READ MORE >
Spending remains steady on strong income growth and inflation relief
U.S. personal income and spending in July signaled a gradual rebound of the economy in the third quarter after six months of declines in gross domestic product. … READ MORE >
American spending and income eroded by multi-decade high inflation
As the first-round effect of inflation on goods and services continues to play out, the second-round effect on wage pressure is showing more concerning signs. … READ MORE >
Inflation outpaces consumer spending for the first time this year
Personal spending declined on an inflation-adjusted basis in May as spikes in gasoline and food prices depressed consumer sentiment and dampened spending on other discretionary items. … READ MORE >
Personal spending and trade improved in April as inflation eased
American consumers continued to spend more in April as inflation showed signs of relief. The combination of higher incomes, excess savings and lower energy prices helped to alleviate some of the recent recession concerns. … READ MORE >