What's the disconnect between consumers saying they are worried about the economy but holiday spending was at record highs?
The PCE price index is part of the Commerce Department ... And in December, they ramped up their spending significantly. Consumer spending shot up 0.7% from November, exceeding economists ...
“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said ...
The U.S. economic outlook has become more cloudy, however. Trump has promised to cut taxes and ease regulations on business, ...
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...
Economists expect the consumer price index rose 2.9% last month, matching the year-over-year increase in December. The annual rate of inflation has been mostly inching higher since October. That has ...