It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
Read More Inflation rises moderately in April, consumer spending slowsTag: Consumer spending
Target, Walmart shoppers seek home goods, grocery delivery online
U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump.
Read More Target, Walmart shoppers seek home goods, grocery delivery onlineReport: Inflation Increased Again In March As Consumer Spending Rose
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.
Read More Report: Inflation Increased Again In March As Consumer Spending RoseUS economic growth slows in first quarter; inflation surges
he U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade deficit.
Read More US economic growth slows in first quarter; inflation surgesUS monthly inflation slows; consumer spending surges
U.S. prices increased less than expected, with the cost of services outside housing and energy slowing significantly.
Read More US monthly inflation slows; consumer spending surgesUS fourth-quarter growth revised higher; labor market still strong
The U.S. was boosted by strong consumer spending and business investment in nonresidential structures.
Read More US fourth-quarter growth revised higher; labor market still strong