Tag: U.S. consumers

U.S. economic growth for the third quarter of 2023 hit 5.2% on an annual basis, outperforming the government's expectation of 4.9% growth. This is a sharp rise from the 2.1% economic growth attained from April through June as well as the largest U.S. GDP...

Investors are shifting their focus to the release of Thursday's Personal Consumption Expenditures (PCE) report. The Federal Reserve's preferred inflation measure, this report is expected to provide a major insight into the central bank's next policy decision. Economists are expecting October's PCE report to show...

The October Consumer Price Index (CPI) report is due to be released on Tuesday, with investors expecting it to play a major role in influencing the Federal Reserve's next interest rate decision in December. Markets are expecting the CPI report to show a headline inflation...

The Consumer Price Index released by the Bureau of Labor Statistics on Thursday showed that inflation rose by 0.4% in September compared to the previous month and 3.7% on a year-over-year basis. This is a slowdown from August's 0.6% month-over-month rise and exactly in...

Government data showed that August's Personal Consumption Expenditures (PCE) Index grew by 3.5% year over year; its slowest rate since September 2021. On a monthly basis, August's PCE edged 0.1% higher; down from July's 0.2% growth. Core PCE, which excludes volatile food and energy categories,...

The Federal Reserve faces a hurdle in its effort to bring an end to its aggressive monetary policy in the face of high inflation. August's Consumer Price Index report released on Wednesday showed that U.S. consumer prices rose on a monthly basis at the...