Households are preparing for what they believe will be another price shock caused by an increase in the costs of goods through a policy-induced trade shock. … READ MORE >
Personal spending
Inflation falls to lowest level since February 2021
With the productivity boom and more interest rate cuts coming, the economy is poised to repeat the economic growth and prosperity of the 1990s. … READ MORE >
American economy grew by 2.8% in second quarter, exceeding forecasts
A strong labor market, rising real wages and a 1% increase in disposable income bolstered household spending, which advanced by a sustainable 2.3%. … READ MORE >
January inflation and spending data implies more noise than trend
The Federal Reserve’s closely watched measure of inflation, the personal consumption expenditures index, continued to show strength in January, rising by 0.3% on the month and by 2.4% from a year ago. … READ MORE >
American consumers remain resilient as shutdown looms
Despite a rise in overall inflation because of higher oil prices, core inflation and spending volume remained soft in August. … READ MORE >
Fed’s key gauges of inflation soften in February
Prices grew by 0.3% on the month; for the core component, they rose by 0.3% while the “super core” stayed at 0.3%. … 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 >