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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 ...
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 ...
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 ...
(The Center Square) - California’s nonpartisan state analysis agency warned the state has “no capacity for new commitments,” and faces annual deficits of $20 billion or more starting in 2026 ...
New data from Mastercard indicates that a strong job market helped consumer spending during the holiday season.
With weaker revenues than expected, Gov. Gavin Newsom wants to declare a budget emergency and ask California lawmakers to dip into the state's reserves. How Newsom plans to fix California's ...
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 ...