Tag: GDP

September 30, 2022

US consumer spending is recovering, but high inflation is cooling demand

Consumer spending rises 0.4% in August Personal income increases by 0.3%; Savings rate stable at 3.5% Core PCE Price Index Jumps 0.6%; 4.9% more than in the previous year WASHINGTON, Sept 30 (Reuters) – US consumer spending rose more-than-expected in August, but stubbornly high inflation […]

September 15, 2022

US retail sales rise unexpectedly but inflation hampers spending

Retail sales up 0.3% in August July data revised down to show sales down 0.4% Core Retail Sales Flat; July sales revised down Weekly jobless claims fall 5k to 213k Manufacturing output rose 0.1% in August WASHINGTON, Sept 15 (Reuters) – US retail sales unexpectedly […]