Us Consumer Spending Weak In May, While Inflation Speeds Up

WASHINGTON (AP) — U.S consumers increased their spending just 0.2 percent in May, a disappointing result after two months of much stronger gains. Meanwhile, inflation — as measured by a gauge monitored by the Federal Reserve — rose 2.3 percent…

Sections:  u.s.   
Topics:  Texas   McLennan County   Waco   
RELATED ARTICLES
BING NEWS:
  • Asia FX weak as Fed jitters grow, yen stalls after suspected intervention
    Investing.com-- Most Asian currencies fell on Tuesday as anticipation of a Federal Reserve meeting this week kept traders largely biased towards the dollar, with the Japanese yen falling slightly ...
    04/29/2024 - 4:56 pm | View Link
  • McDonald's set for weak sales growth as US fast-food chains grapple with muted traffic
    McDonald's is set to report a sequential drop in sales growth for the fourth straight quarter as low-income consumers remain hesitant about eating out even as fast-food chains battle to lure them with ...
    04/29/2024 - 12:40 am | View Link
  • Jerome Powell may not rule out future rate hikes as the Fed gets ready to meet amid stubborn inflation, analysts say
    The Federal Reserve begins its two-day meeting Tuesday amid signs that inflation is not only sticky but also ticking back up, despite rates hovering at the highest ...
    04/28/2024 - 11:09 am | View Link
  • The U.S. economy is actually a ‘wolf in sheep’s clothing’ as the weak GDP report masks underlying strength, Wells Fargo says
    To be sure, consumers are spending less on goods, and the GDP report showed that outlays on big-ticket durable goods contracted at a 1.2% annualized pace, according to the note. But that was more than ...
    04/28/2024 - 8:24 am | View Link
  • Spending habits under a microscope ahead of budget
    Higher interest rates, cost of living pressures and an increasing tax burden have kept a lid on Australian consumer spending and left retail sales weak.
    04/27/2024 - 11:00 am | View Link
  • More

 

Welcome to Wopular!

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

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News