A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.
Consumer Price Index data on Wednesday will give Americans, and the Federal Reserve, another readout on inflation.
U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February while 12-month inflation expectations surged.
Consumer surveys show a decline in sentiment as President Donald Trump ramped up tariff talk, while retail sales and consumer spending levels have also decreased.
December, picking up on increased government and consumer spending, official data showed on Friday, and the government said ...
We urge the incoming administration and Congress to prioritize an Innovation Agenda that fosters growth.” This chart shows a forecast of U.S. consumer electronics retail sales.