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Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy's steady growth. Retail sales rose 0.4% from September to ...
But data for August was revised lower, suggesting that third-quarter consumer spending growth pace could be trimmed down to a 3.5% annualized rate from the 3.7% pace estimated last month.
Consumer spending grew 0.4% from September to October — strong signs for a growing economy that has seen inflation fall from 9.1% to 2.6% in just over two years. That's close to its pre-pandemic ...
October 27, 2023 at 12:26 PM. ... Consumer spending, which accounts for more than two-thirds of U.S. economic activity, accelerated 0.7% last month after an unrevised 0.4% rise in August, the ...
The reports followed on the heels of strong consumer spending data last week. ... Shipments of core capital goods rose 0.5% after advancing 0.4% in October. Business investment has largely held up ...
The October Consumer Price Index (CPI) report out Tuesday will bring investors a key inflation reading after several Federal Reserve officials last week tried to keep the door open for future rate ...
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 of ...
A report Friday showed that while inflation-adjusted income fell last month along with the savings rate, consumers still ramped up their spending. That trend, economists say, is unsustainable ...