Economy News Consumer Spending Rose In July Despite High Pricing

Consumer spending strong as Fed’s preferred inflation gauge rises 2.7% in August

Personal consumption expenditures inflation rose 2.7% in August over the past 12 months, heating up from 2.6% in July as expected, the Bureau of Economic ... the report. Despite high prices and ... Read More

Consumer spending was strong in August while inflation remained elevated

Americans ramped up their spending in August; however, their costs of living were on the rise as food and goods got ... Read More

Trump’s tariffs are driving a wedge through the US economy, further separating the haves from the have-nots

New economic data released Friday showed that consumer spending ... rate — rose 0.3% on a monthly basis (versus a 0.2% increase in July), which lifted the annual rate to 2.7% from 2.6%, and hitting a ... Read More

The Fed's Favorite Inflation Measure Stayed Stubbornly High In August

Consumer prices rose 2.7% over the year in August as measured by PCE inflation, up from 2.6% in July, while "core" prices excluding food and energy rose 2.9%, the same as in July. Prices are ... Read More

No one can seem to kill America’s economy, despite everyone’s best efforts

Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it ... Read More

Consumer spending is strong — and the U.S. economy is all right

High tariffs, lingering inflation and more trouble finding a job apparently haven’t thrown consumers into a funk. Americans increased spending again in August to help keep the U.S. economy chugging. Read More

Consumer Spending Posts Strong Gain Despite Sticky Inflation

US personal spending rose at a solid clip for a third month in August, suggesting consumers continued to power the economy despite elevated inflation. Consumer spending, adjusted for changes in prices ... Read More

Consumer spending rises for eighth straight month in September, private data show

With the U.S. government shutdown stretching into its 17th day and official economic data releases on hold, new figures from Morning Consult showed positive Y/Y consumer spending growth for the eighth ... Read More

The economy expanded at a surprising 3.8% pace last quarter

This is read by an automated voice. Please report any issues or inconsistencies here. An uptick in consumer spending helped the U.S. economy expand at a surprising 3. ... Read More

Consumer spending is strong - and the U.S. economy is all right

A couple walks alongside retail stores in Austin, Texas. Consumer spending has helped to lift up the U.S. economy during the trade wars. High tariffs, lingering inflation and more trouble finding a ... Read More