US consumers keep spending briskly even in the face of persistent inflation and high interest rates
1 year, 5 months ago

US consumers keep spending briskly even in the face of persistent inflation and high interest rates

Associated Press  

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Taken as a whole, the figures the government issued Friday show a still-surprisingly resilient consumer, willing to spend briskly enough to power the economy even in the face of persistent inflation and high interest rates. In Friday’s report on inflation, the government also said that consumer spending last month jumped a robust 0.7%. A key reason why the Fed may keep rates unchanged through year’s end is that September’s 3.7% year-over-year rise in core inflation matches the central bank’s forecast for this quarter.

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History of this topic

Consumers are worried about the economy. Why it isn’t all gloom and doom.
3 days, 8 hours ago

Consumers are worried about the economy. Why it isn’t all gloom and doom.

Live Mint  

It isn’t a secret that Americans are feeling gloomy about the economy. “The February spending data confirm a slowdown in consumer activity in the first quarter of 2025," said Bill Adams, chief economist for Comerica Bank. “Weak spending in January could be attributed to one-off drags from the LA wildfires and bad weather, but February’s anemic rebound points to a …

Americans are growing concerned about the economy
6 days, 17 hours ago

Americans are growing concerned about the economy

NPR  

Americans are growing concerned about the economy Consumers are growing more cautious about the U.S. economy, in the face of stubborn inflation and looming tariffs. Today, the Commerce Department said spending on services like haircuts rose by a meager two-tenths of a percent last month, and spending at restaurants was actually down. Consumer spending is the biggest driver of the …

Wealthy Americans, middle-class citizens to cut spending, impacting consumption: Is it the Trump effect?
2 weeks, 3 days ago

Wealthy Americans, middle-class citizens to cut spending, impacting consumption: Is it the Trump effect?

Firstpost  

Shoppers are cutting back on spending, rattled by market volatility and Trump’s escalating trade wars. Their spending surged by 58 per cent over the past four years, partly powered by stock market gains. The rise of retail investing means that a record 43 per cent of American households’ financial assets were in stocks at the end of last year, according …

Inflation vs Growth: What’s bothering US consumers the most ahead of US Fed policy meeting? Survey reveals..
2 weeks, 5 days ago

Inflation vs Growth: What’s bothering US consumers the most ahead of US Fed policy meeting? Survey reveals..

Live Mint  

Inflation vs Growth: US consumer sentiment plunged to a 2-1/2-year low in March 2025, and inflation expectations soared amid concerns that US President Donald Trump's sweeping tariffs, which have ignited a trade war, would boost prices. The preliminary report shows that consumers’ expectations of annual US inflation climbed to 3.9 per cent from 3.5 per cent, the largest monthly jump …

US consumer price growth slows in February, but Trump tariffs expected to boost inflation in coming months
3 weeks, 1 day ago

US consumer price growth slows in February, but Trump tariffs expected to boost inflation in coming months

Hindustan Times  

U.S. consumer prices increased less than expected in February, but the improvement is likely temporary against the backdrop of aggressive tariffs on imports that are expected to raise the costs of most goods in the months ahead. The consumer price index rose 0.2% last month after accelerating 0.5% in January, the Labor Department's Bureau of Labor Statistics said on Wednesday. …

US Consumers Cut Spending In January More Drastically Than At Any Point In The Last Four Years
1 month ago

US Consumers Cut Spending In January More Drastically Than At Any Point In The Last Four Years

Huff Post  

Consumer Spending via Associated Press WASHINGTON — U.S. consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress. Inflation spiked in 2022 to its highest level in four decades, propelling President Donald Trump to the White House and causing the Federal …

Inflation is easing, but another alarm bell is ringing about the US economy
1 month ago

Inflation is easing, but another alarm bell is ringing about the US economy

CNN  

CNN — The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years. The Personal Consumption Expenditures price index rose 2.5% in January from the year before, slowing from December’s 2.6% annual rate, …

Americans say incomes not keeping up with inflation — CBS News poll
1 month, 1 week ago

Americans say incomes not keeping up with inflation — CBS News poll

CBS News  

Most Americans say income is not keeping up with inflation, CBS News poll finds A large majority of Americans say their incomes aren't keeping pace with inflation, as they report prices around them either rising or staying the same. Americans who report higher incomes are far more likely to say their financial situation is good and are much more confident …

Consumer confidence: Americans are souring on the economy. Inflation and tariffs are to blame
Trending News
1 month, 1 week ago

Consumer confidence: Americans are souring on the economy. Inflation and tariffs are to blame

CNN  

Washington CNN — The American consumer is getting worried about the economy. Stephanie Guichard, senior economist, global indicators, at The Conference Board, said in a release that “consumers became pessimistic about future business conditions and less optimistic about future income.” The Fed and inflation fears For the Federal Reserve, it’s critical that Americans have faith that inflation will eventually return …

If Trump wants to fix the inflation crisis, he has a funny way of showing it
1 month, 1 week ago

If Trump wants to fix the inflation crisis, he has a funny way of showing it

CNN  

CNN — Inflation appeared nearly defeated just a few months ago, but price hikes started accelerating again, led in particular by rising egg prices and fuel costs. The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump’s tariffs potentially boosting inflation. A new CNN poll released last Thursday similarly showed pessimism on the …

US consumer sentiment plunges over tariff and inflation fears
1 month, 1 week ago

US consumer sentiment plunges over tariff and inflation fears

CNN  

Washington CNN — Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. A new CNN poll released Thursday similarly showed pessimism on the rise because of prices: Nearly two thirds of US adults nationwide, 62%, said they feel Trump’s isn’t doing enough to address inflation. “A trade policy uncertainty index by a …

Watch What Consumers Do, Not How They Feel
2 months, 2 weeks ago

Watch What Consumers Do, Not How They Feel

Live Mint  

-- Over the past few years, even as they have been gritting their teeth and complaining about higher prices, consumers have been fueling US economic growth. Consumer spending has been partially driven over the past three years by excess savings accumulated during the pandemic, which reached a peak of $8,000 per adult in August 2021. While the higher interest rates …

U.S. consumer spending rises in November; monthly inflation subsides
3 months, 1 week ago

U.S. consumer spending rises in November; monthly inflation subsides

The Hindu  

U.S. consumer spending increased in November, underscoring the economy's enduring strength, which prompted the Federal Reserve this week to project fewer interest rate cuts in 2025 than it had three months ago. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month after a downwardly revised 0.3% gain in October, the Commerce Department's Bureau …

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
3 months, 2 weeks ago

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

Associated Press  

WASHINGTON — The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate. Third-quarter growth in U.S. gross domestic product — the economy’s output of goods and services — accelerated from the April-July rate of 3% and …

US Economy Expands 2.8% In Q3, Driven By Strong Consumer Spending
4 months ago

US Economy Expands 2.8% In Q3, Driven By Strong Consumer Spending

ABP News  

The US economy grew at a robust annual rate of 2.8 per cent from July to September, driven by solid consumer spending and a surge in exports, the government reported on Wednesday. Consumer spending, which drives about 70 per cent of US economic activity, accelerated to a 3.5 per cent annual rate in the third quarter, up from 2.8 per …

US consumer price increases accelerated last month with inflation pressures resilient
4 months, 1 week ago

US consumer price increases accelerated last month with inflation pressures resilient

Associated Press  

WASHINGTON — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Yet excluding the volatile food and energy categories, so-called “core” prices also …

US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate
Trending News
4 months, 1 week ago

US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

Associated Press  

WASHINGTON — The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth. Still, American voters — exasperated by high prices — were unimpressed by the steady growth and chose this month to return Donald Trump …

Americans continue to spend despite naming the economy and inflation as top election concerns
4 months, 2 weeks ago

Americans continue to spend despite naming the economy and inflation as top election concerns

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Americans stepped up their …

U.S. Economy Grew At Healthy 2.8% Pace Last Quarter On Strength Of Consumer Spending
5 months ago

U.S. Economy Grew At Healthy 2.8% Pace Last Quarter On Strength Of Consumer Spending

Huff Post  

LOADING ERROR LOADING WASHINGTON — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — slowed slightly from its 3% growth rate in …

US economy is believed to have grown at a solid pace again last quarter
5 months ago

US economy is believed to have grown at a solid pace again last quarter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Powered by consumer spending, the …

The U.S. economy is growing solidly. Here's what's working — and what's not
5 months ago

The U.S. economy is growing solidly. Here's what's working — and what's not

NPR  

The U.S. economy is growing solidly. Here's what's working — and what's not toggle caption Spencer Platt/Getty Images With just days before Election Day, the U.S. just got its latest economic report card — and it's good, even if many people don't feel that way. toggle caption Anna Rose Layden/Getty Images The healthy labor market and stronger spending bode well …

Wealthier Americans are driving retail spending and powering US economy
5 months, 2 weeks ago

Wealthier Americans are driving retail spending and powering US economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. One key reason is a relatively simple one: Wealthier …

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
6 months, 3 weeks ago

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

Politico  

For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago, particularly for food, gas, rent and other necessities. A key reason for last month’s drop in overall inflation was the third decline in gas prices in the past four months: Average gas prices fell 0.6% from July …

U.S. shoppers sharply boosted spending at retailers in July despite higher prices
7 months, 2 weeks ago

U.S. shoppers sharply boosted spending at retailers in July despite higher prices

LA Times  

Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined …

US economic growth for last quarter is revised up slightly to a 1.4% annual rate
9 months, 1 week ago

US economic growth for last quarter is revised up slightly to a 1.4% annual rate

Associated Press  

WASHINGTON — The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said Thursday in a slight upgrade from its previous estimate. The Commerce Department had previously estimated that the gross domestic product — the economy’s total output of goods and services — advanced at a 1.3% rate …

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month
9 months, 2 weeks ago

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month

Associated Press  

WASHINGTON — U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, dropped to 65.6 this month from a final reading of 69.1 in May. AP AUDIO: Anxiety over persistent inflation …

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools
10 months ago

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools

Hindustan Times  

The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer and equipment spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates before the end of the year. Details of the report showed that consumer spending growth, revised down by 0.5 …

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
10 months ago

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Commerce Department had previously estimated that the nation’s …

Inflation isn’t keeping Americans from having fun this Memorial Day weekend
10 months, 1 week ago

Inflation isn’t keeping Americans from having fun this Memorial Day weekend

CNN  

New York CNN — Americans may be sick and tired of dealing with high prices across pretty much every aspect of their lives, but inflation hasn’t yet squashed the travel bug. “Demand continues to be strong, and we see a record spring and summer travel season,” said Delta Air Lines CEO Ed Bastian during a call with analysts last month. …

US employers scaled back hiring in April. How that could let the Fed cut interest rates
11 months ago

US employers scaled back hiring in April. How that could let the Fed cut interest rates

Associated Press  

WASHINGTON — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Even with the April hiring slowdown, last month’s job growth amounted to a solid increase, though it was the lowest monthly gain since …

US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
11 months, 1 week ago

US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

Associated Press  

WASHINGTON — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Gregory Daco, chief economist at the tax and consulting firm EY, noted that the underlying economy looks solid, though it’s slowing from last …

U.S. growth fell sharply to 1.6% last quarter, pressured by high interest rates
11 months, 1 week ago

U.S. growth fell sharply to 1.6% last quarter, pressured by high interest rates

LA Times  

Robots assemble solar panels at the Hanwha Qcells Solar plant in Dalton, Ga., in 2023. On Thursday, the government reported that U.S. economic growth slowed sharply last quarter to a 1.6% annual pace. The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic …

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
1 year ago

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

Associated Press  

WASHINGTON — The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. But last quarter’s growth was still a solid performance, coming in the face of higher interest rates and powered by growing consumer spending, exports and business investment in buildings and software. In the …

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government’s initial estimate
1 year, 1 month ago

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government’s initial estimate

Associated Press  

WASHINGTON — The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate. U.S. growth has now topped 2% for six straight quarters, defying fears that high interest rates would tip the world’s largest economy into a recession. The …

Consumer sentiment edges higher as economic growth accelerates and inflation fades
1 year, 1 month ago

Consumer sentiment edges higher as economic growth accelerates and inflation fades

Associated Press  

WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after several years of gloom. Still, consumer sentiment remains 6% below its long-run average after the worst spike in inflation in four decades pushed up the cost of groceries, rent, gas, and …

Recession has struck some of the world’s top economies. The US keeps defying expectations
1 year, 1 month ago

Recession has struck some of the world’s top economies. The US keeps defying expectations

Associated Press  

NEW YORK — As some of the world’s biggest economies stumble into recession, the United States keeps chugging along. Yet in the United States, the economy motored ahead in last year’s fourth quarter for a sixth straight quarter of growth. It’s blown past many predictions coming into last year that a recession seemed inevitable because of high interest rates meant …

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus
1 year, 2 months ago

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus

Associated Press  

WASHINGTON — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. Friday’s government report showed that prices rose just 0.2% from November to December, a pace …

US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
1 year, 2 months ago

US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience

Associated Press  

WASHINGTON — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated …

US growth likely slowed last quarter but still pointed to a resilient economy
1 year, 2 months ago

US growth likely slowed last quarter but still pointed to a resilient economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The nation's economy was supposed …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year, 3 months ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

Associated Press  

WASHINGTON — The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from reduced interest rates and get relief from painful price shocks in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and rose 2.6% from November 2022. Excluding …

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease
1 year, 3 months ago

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Associated Press  

Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy’s pipeline are continuing to gradually ease. The Labor Department reported Wednesday that its producer price index — which tracks inflation before it reaches consumers — was flat from October to November after having fallen 0.4% the month before. Excluding volatile food and energy …

US consumers keep spending despite high prices and their own gloomy outlook. Can it last?
1 year, 5 months ago

US consumers keep spending despite high prices and their own gloomy outlook. Can it last?

Associated Press  

WASHINGTON — A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls. On Thursday, the government said the economy accelerated at a 4.9% …

US consumers keep spending briskly even in the face of persistent inflation and high interest rates
1 year, 5 months ago

US consumers keep spending briskly even in the face of persistent inflation and high interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An inflation gauge that is …

US economy grows at faster rate in nearly 2 years
1 year, 5 months ago

US economy grows at faster rate in nearly 2 years

Hindustan Times  

The US economy heated up more than expected in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession. The GDP pick up reflects "accelerations in consumer spending, private inventory investment, and federal government spending" among other factors, said the Commerce Department. - "The US economy …

US economy grows at its fastest rate in TWO YEARS after households splashed out on Taylor Swift concerts and Barbie tickets - but experts warn trend is finally starting to slow
1 year, 5 months ago

US economy grows at its fastest rate in TWO YEARS after households splashed out on Taylor Swift concerts and Barbie tickets - but experts warn trend is finally starting to slow

Daily Mail  

That is the highest growth in almost two years - spurred by consumer spending US GDP accelerated 4.9 percent in Q3, according to the Commerce Department The US economy grew last quarter at its fastest rate in nearly two years thanks to a surge in consumer spending. Consumer spending was up 4 percent, up from just 0.8 percent last quarter, …

US economic growth accelerated to strong 4.9% rate last quarter as consumers shrugged off Fed hikes
1 year, 5 months ago

US economic growth accelerated to strong 4.9% rate last quarter as consumers shrugged off Fed hikes

Associated Press  

WASHINGTON — The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace. The Commerce Department said the economy expanded last quarter at the fastest pace in nearly two years — and more than twice the 2.1% …

Strong US economic growth for last quarter likely reflected consumers' resistance to Fed rate hikes
1 year, 5 months ago

Strong US economic growth for last quarter likely reflected consumers' resistance to Fed rate hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The government is expected Thursday …

U.S. economic growth accelerated to 4.9% last quarter as consumers shrugged off Fed rate hikes
1 year, 5 months ago

U.S. economic growth accelerated to 4.9% last quarter as consumers shrugged off Fed rate hikes

LA Times  

Shoppers look over blankets on sale in a Costco warehouse in Sheridan, Colo. The Commerce Department on Thursday said the economy expanded last quarter at the fastest pace in nearly two years. The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession …

Just what IS keeping inflation so high? The everyday items that continue to go up in price revealed - as annual rate of inflation holds steady at 3.7%
1 year, 5 months ago

Just what IS keeping inflation so high? The everyday items that continue to go up in price revealed - as annual rate of inflation holds steady at 3.7%

Daily Mail  

Figures are unlikely to significantly impact Fed interest rates, analysts say Annual inflation held steady in September, with prices increasing 3.7 percent on the year prior, thanks mainly to the cost of food and energy. Annual inflation held steady in September, with prices increasing 3.7 percent on the year prior, thanks mainly to the cost of food and energy. Data …

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