Us Consumer Spending
US consumer spending rises solidly in July as core inflation edges higher
Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.5 per cent last month after an upwardly revised 0.4 per cent gain in June
 "US consumer spending rises solidly in July as core inflation edges higher")
US consumer spending rises slightly in April amid tariff uncertainty
The report from the Commerce Department on Friday suggested the economy struggled to rebound early in the second quarter
 "US consumer spending rises slightly in April amid tariff uncertainty")
Trump tariffs: US consumers will resent losing access to quality goods
The average American citizen is as unprepared for being cut off from world markets as US institutions are for the assault of a populist strongman
 "Trump tariffs: US consumers will resent losing access to quality goods")
Auto tariff to cost US consumers more than $30 bn in first year: Report
Consultancy firm Anderson Economic Group said in a report on Thursday that 25 per cent tariff on auto imports may cost American consumers more than $30 billion in higher vehicle prices and reduced car
 "Auto tariff to cost US consumers more than $30 bn in first year: Report")
US consumer spending rises in Feb, likely driven by higher prices
Economists polled by Reuters had forecast consumer spending rising 0.5 per cent after a previously reported 0.2 per cent fall in January
 "US consumer spending rises in Feb, likely driven by higher prices")
US consumers reduce spending as inflation, debt rise, reports Synchrony
The belt-tightening indicates that Americans, whose finances are broadly healthy, are preparing for their finances to be more stretched, said Max Axler, chief credit officer of Synchrony
 "US consumers reduce spending as inflation, debt rise, reports Synchrony")
Americans' rising inflation concerns threaten to undo soft landing
Consumer inflation expectations have been rising for the last month or two across several reports. Some surveys point to businesses anticipating higher prices as well
US consumer confidence drops in February, marking biggest fall since 2021
It followed on the heels of surveys last week showing steep declines in business and consumer sentiment in February
 "US consumer confidence drops in February, marking biggest fall since 2021")
Key US inflation gauge posts largest monthly rise since last April
The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%. That was the biggest gain in seven months
 "Key US inflation gauge posts largest monthly rise since last April")
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 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
