Us Consumer Spending
US retail sales miss expectations in May; April data revised significantly
Inflation and higher interest rates are forcing households to prioritise essentials and cut back on discretionary spending
 "US retail sales miss expectations in May; April data revised significantly")
US monthly inflation slows, consumer spending surges, reveals data
The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said
 "US monthly inflation slows, consumer spending surges, reveals data")
US consumer spending slows in October, weekly jobless claims rise slightly
Fears that the economy could slide into recession in early 2024 could see households reluctant to spend and instead build their savings
 "US consumer spending slows in October, weekly jobless claims rise slightly")
US consumer spending rises in August, underlying inflation slows down
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, gained 0.4% last month, the Commerce Department reported on Friday
 "US consumer spending rises in August, underlying inflation slows down")
US consumer likely to start cutting back, hurting economy and stocks
The finding is at odds with the optimism that's permeated US equity markets for most of the summer, as cooling inflation and low unemployment bolstered hopes for a so-called soft landing
 "US consumer likely to start cutting back, hurting economy and stocks")
US consumer spending beats expectations in April; inflation picks up
The PCE price index increased 0.4% in April after rising 0.1% in March. In the 12 months through April, the PCE price index increased 4.4% after advancing 4.2% in March
 "US consumer spending beats expectations in April; inflation picks up")
US consumer spending flat in March; core inflation still strong
The economy expanded at a 2.6% rate in the fourth quarter
 "US consumer spending flat in March; core inflation still strong")
US consumer spending softens in December even as inflation eases
The data was included in the advance fourth quarter gross domestic product report, which showed consumer spending maintaining a solid pace of growth
 "US consumer spending softens in December even as inflation eases")
Inflation zaps US savings rate, warning sign for consumer spending: Report
The personal savings rate, as a percentage of disposable income, fell to 4.4 per cent in April, the lowest level since 2008 in the US, according to the Commerce Department
 "Inflation zaps US savings rate, warning sign for consumer spending: Report")
US consumer spending beats expectations in January; inflation rises further
The rebound in spending could further temper expectations for a sharp slowdown in economic growth in the first quarter
 "US consumer spending beats expectations in January; inflation rises further")
US consumer prices up 5.7% over past year, fastest in 39 years
With every trip to the grocery store and gas pump eating away a little more of their paychecks, people have less left over for discretionary purchases
Consumer spending rebounds in US by 1.3% in October despite inflation
US consumer spending rebounded by a solid 1.3 per cent in October despite inflation
 "Consumer spending rebounds in US by 1.3% in October despite inflation")
Fiscal stimulus fires up US consumer spending; inflation benign
WASHINGTON (Reuters) - U.S. consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new COVID-19 infections dropped, positioning the economy for faster growth in the first quarter.
 "Fiscal stimulus fires up US consumer spending; inflation benign")
US weekly jobless claims fall; consumers cut back on spending in November
Consumers cut back on purchases of goods like new motor vehicles, clothing and footwear
 "US weekly jobless claims fall; consumers cut back on spending in November")
US consumer spending drops 0.4% in Nov, first decline since April
US consumer spending fell 0.4% in November, the first decline since April, as Americans confronted a newly resurgent virus.
 "US consumer spending drops 0.4% in Nov, first decline since April")
US consumer spending rose a moderate 1.4% in September amid pandemic
US consumers increased their spending by 1.4 per cent in September, a modest gain but far less than the big increases of late spring
 "US consumer spending rose a moderate 1.4% in September amid pandemic")
Top headlines: Telcos battle over subscribers; new stimulus for demand
From govt announcing new scheme to boost consumer spending to telcos war over subscriber base, here are top headlines this morning
 "Top headlines: Telcos battle over subscribers; new stimulus for demand")
US economic recovery to be muted until Covid is contained: Fed officials
Consumer spending will probably remain weak relative to the past as people avoid activities that require high levels of social interaction for health reasons, Boston Fed President Eric Rosengren said
 "US economic recovery to be muted until Covid is contained: Fed officials")
US June consumer spending up 5.6%, but Covid-19 could stall gains
So deep was the pullback in the spring that even with two months of gains, consumer spending was still down at a record annual rate of 34.6% in the April-June quarter
 "US June consumer spending up 5.6%, but Covid-19 could stall gains")
US consumer spending up slightly; jobless claims at 45-year low
The increase in consumer spending in February was in line with economists' expectations
 "US consumer spending up slightly; jobless claims at 45-year low")
