American consumers defied rising inflation and market uncertainties in March, continuing to spend more on goods and services as their wages increased and they saved less. … READ MORE >
personal consumption expenditures
A key inflation gauge surged in February, dampening spending
The likelihood of a 50 basis-point rate hike by the Federal Reserve in May increased on Thursday as the government reported that a key inflation gauge continued to surge in February. … READ MORE >
Key gauges of prices and labor rise, affirming likelihood of rate hikes
Two of the Federal Reserve’s closely watched gauges for prices and labor costs released on Friday reaffirmed expectations that the central bank will begin raising interest rates in March as the Fed moves to tame inflation. … READ MORE >
Personal spending and income rose in October, beating expectations
October’s personal income and spending data released by the government on Wednesday gave more reasons to end the short Thanksgiving week on a good note. Personal income rose by 0.5% on the month, beating expectations of a 0.2% increase, … READ MORE >