In addition to the big gain in spending on durable goods, spending on non-durable goods such as clothing also showed a solid increase of 0.6 percent in September. A key inflation gauge followed by the Federal Reserve was up a slight 0.2 percent in September, while core prices, excluding food and energy, rose only 0.1 percent. Over the past year, core prices are up just 1.7 percent, still below the Fed's 2 percent inflation target.
Similar Stories to Consumer Spending Rebounded In September on Bing News
By MARTIN CRUTSINGER, AP Economics Writer, Seattle Post-Intelligencer: Business
Mon, 10/31/2016 - 7:31am
BING NEWS:
- Fed signals just 1 interest rate cut in 2024
Officials voted unanimously to keep the benchmark federal funds rate in a range of 5.25%-5.5% — a two-decade high first reached in July. But policymakers signaled they now expect to cut rates only ...
06/12/2024 - 12:15 pm | View Link - China consumer prices up in May, factory deflation persists
Consumer prices in China rose slightly last month, data showed Wednesday, but analysts warned more work was needed to boost demand as leaders struggle to reignite growth in the world’s number two ...
06/12/2024 - 2:45 am | View Link - Stock market today: World shares rise ahead of Fed's decision on interest rates
World shares are mostly higher ahead of a decision by the Federal Reserve on interest rates and an update on prices paid by American consumers ...
06/11/2024 - 11:46 pm | View Link - Gum Sales Peaked in 2011. Can Mars Wrigley Get People Chewing Again?
The Orbit maker’s $50 million campaign and push into e-commerce follow a pandemic slump that caused purchasing and chewing habits to become unstuck.
06/11/2024 - 11:00 pm | View Link - Economy added 272,000 jobs in May, surging past expectations
Employers added 272,000 jobs in May, reflecting a booming labor market that continues to fuel the economy with workers benefiting from wages that are outpacing inflation. But the unemployment rate ...
06/7/2024 - 11:14 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more