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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 ...
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 ...
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.2% last month after an unrevised 0.5% gain in July, the Commerce Department's Bureau of Economic ...
Goldman Sachs chief economist Jan Hatzius admits Americans' excess savings are "clearly" lower now than they were a year ago. But that doesn't mean consumer spending is poised for a total slowdown.
Consumer spending, which accounts for about 70% of U.S. economic activity, accelerated to a 3.7% annual pace last quarter, up from 2.8% in the April-June period. ... or PCE — rose at just a 1.5% ...
Valerie Zaffina, a 74-year-old retired teacher who was picking up a piece of jewelry last week at a Kohl’s store in Ramsey, New Jersey. She said she and her husband live on fixed incomes and are ...
Indeed, average pretax incomes increased just 7.5% between 2021 and 2022, so the increase in spending wasn't fully supported by added wages. As a result, credit card debt is increasing.
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 ...