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US consumer spending falls; tariff-related boost to inflation awaited
U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of the Trump administration's tariffs faded, while monthly inflation maintained a moderate pace of increase.
Rent, food and mortgage interest saw smaller increases, potentially offsetting concerns about price hikes resulting from ...
Americans’ view of the economy worsened in June, wiping out much of the previous month’s gain which followed a string of ...
Consumer confidence soured in June, erasing some of the boost in shopper attitudes that took hold last month as President ...
The US Federal Reserve's preferred measure of inflation edged up in May while spending weakened, government data showed ...
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The Central bank pays very close attention to this figure in its role of ...
U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild.
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