People are questioning whether and what they should buy, Thomas said. “Tariffs could be the end of true resilience of the consumer − all their savvy, thoughtfulness, and optionality is no ...

Consumer spending leapt 0.7% from February, according to a Commerce Department report released Wednesday that showed Americans shelled out last month for durable goods, particularly automobiles.

Strong consumer spending continues to bolster GDP. GDP grew at a healthy 2.8% pace. Current spending levels may provide a welcome “not too hot, not too cold” scenario for the Federal Reserve.

And she said that’ll continue to drive consumer spending well into the new year. Related Topics. Tagged as: consumer spending; consumption; inflation; retail sales; News you can use in your inbox.

The pickup in spending shouldn’t be construed as heralding faster economic growth, however. IE 11 is not supported. For an optimal experience visit our site on another browser.

The BEA reported on Wednesday that consumer spending grew at an annual rate of 1.8% in the first quarter. That is a slowdown from the surge of 4% logged in the fourth quarter, but not totally ...

Consumer spending leapt 0.7% from February, according to a Commerce Department report released Wednesday that showed Americans shelled out last month for durable goods, particularly automobiles.

Helping to fuel spending was a 0.5% jump in personal incomes, a strong rate that bodes well for continued consumer spending, Frick said. “The No. 1 thing I always look for is income, because no ...

Helping to fuel spending was a 0.5% jump in personal incomes, a strong rate that bodes well for continued consumer spending, Frick said. “The No. 1 thing I always look for is income, because no ...