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Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 0.7% in December after an upwardly revised 0.6% rise in November. Spending was previously reported to ...
Did Americans blow their holiday budgets in 2024? Early reports suggest, however, that many Americans busted their holiday budgets in 2024. Total holiday spending surged from $222 billion in 2023 ...
Spending is, however, seen cooling off in early 2024 as excess savings accumulated during the pandemic st US consumer spending exits third quarter on strong note; monthly core inflation rises Skip ...
New data from Mastercard indicates that a strong job market helped consumer spending during the holiday season.
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no hurry to resume cutting ...
Consumer spending surged at a 3.7% pace in the third quarter, the fastest in 1-1/2 years, helping to propel the economy to a 3.1% growth rate following a 3.0% pace of expansion in the April-June ...
He also adds that "core" readings of inflation, which strip out the volatile food and energy categories, should reach 2% to 2.5% by the end of 2024. Additionally, Goldman sees just a 15% chance of ...
Consumer spending, which accounts for about 70% of U.S. economic activity, accelerated to a 3.5% annual pace last quarter, up from 2.8% in the April-June period and fastest growth since the fourth ...