· 1d
Data Says Consumer Spending Pulled Back, Which Is Bad Economic News
· 2d · on MSN
Dollar slips after U.S. inflation, consumer spending data
January Consumer Spending Unexpectedly Contracts; Annual Core Inflation Slows Down
Consumer spending unexpectedly declined last month, while the Federal Reserve's preferred inflation metric decelerated at the annual level, government data showed Friday. Personal consumption expenditures decreased 0.
· 2d
Inflation gauge favored by Fed showed prices grew as expected in January
The Fed’s preferred inflation gauge cooled last month, but consumer spending sank
The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with a red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years.
· 2d · on MSN
Fed’s favorite core inflation measure hits 2.6% in January, as expected
With inflation expectations rising and financial uncertainty growing, food decisions are shifting in real-time.
Inflation expectations vary by political affiliation, surveys show, but fears of inflation can be self-fulfilling.
Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. But no matter who Trump blames for inflation, America’s economic mood is now souring — and Trump is getting the heat for it.
The first report of the new year found that consumer sentiment had fallen, while inflation concerns had risen.
The Consumer Prices Index (CPI) rose by 3.0% in the 12 months to January 2025, up from 2.5% in the 12 months to December 2024. On a monthly basis, CPI fell by 0.1% in January 2025, compared with a 0.6% fall in January 2024.
Annual growth in Australian consumer prices held steady in January as a rise in electricity costs was offset by a slowdown in the important housing sector, an outcome that should reassure policymakers that inflation is heading in the right direction.
Brazil's IPCA-15 consumer price index posted in February its largest monthly rise in almost three years, official data showed on Tuesday, driving 12-month inflation to its highest since late 2023 as the central bank continues to tighten monetary policy.
According to preliminary estimates, in February 2025 the Italian consumer price index for the whole nation (NIC) was +0.2% compared with the previous month and +1.7% on annual basis (from +1.5% in January 2025).
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