Tag: consumer spending

Consumer spending increased, and so did the Fed’s benchmark

The personal consumption expenditures surprisingly rose while consumers increased their spending in January. Consumer spending increased and inflation picked up in January, likely setting the Federal Reserve on course to continue raising interest rates in the months to come in order to reduce pricing pressures.  According to estimates released by […]

Plan to rent a car soon? It’s best to start your search early

An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]

The missing story in February’s inflation numbers

Consumer prices increased slightly in February due to higher rents and food costs, but prices in the U.S. are expected to slow or even decline in the coming months as the U.S. economy sees the effects of the coronavirus take hold. As the virus continues to spread it will continue […]

Five Things to Watch in March Retail Sales

This morning the Commerce Department will publish its count of all the retail products and services sold in March. Here are five things to look for when the numbers are released at 8:30 EDT. 1. Auto sales will accelerate… but not too fast Motor vehicle sales are 20 percent of […]