US consumer spending increases in January, Iran war to add to inflation pressures

By Lucia Mutikani WASHINGTON, March 13 (Reuters) - U.S. consumer spending increased solidly in January amid higher prices, ...
Finance & Commerce

U.S. consumer spending rises in November, October

WASHINGTON — U.S. consumer spending increased solidly in November and October, likely keeping the economy on track for a third straight quarter of strong growth. Consumer spending, which accounts for ...

US consumer spending, core PCE inflation firmer before Iran war

By Lucia Mutikani WASHINGTON, March 13 (Reuters) - U.S. consumer spending rose solidly in January and underlying inflation maintained a strong pace of increase, which together with the dragging war in ...

U.S. consumer spending shows uneven resilience with the K-shaped economy continuing – BofA

U.S. consumer spending surged to its highest level in three years during February, but the gains mask a deeper divide between wealthy and lower-income Americans, according to new data from the Bank of ...

The US Economy Is Splitting In Two — And Data Centers Are At The Center Of The Divide

Economic momentum in the United States is no longer moving in one direction — it is fragmenting. The Fed’s latest Beige Book paints a picture of a two-speed economy: five out of twelve Fed Districts ...
foxbaltimore

Consumer spending shows strong growth, but gap widens for middle class

(TNND) — Consumer spending saw its strongest annual growth in nearly two years last month, according to Bank of America Institute data. But under the hood are signs of continued consumer stress and a ...