The Government Needs Wealthy Consumer Spending To Keep GDP Growing
A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.
Here's what to expect in the CPI report on Wednesday
Consumer Price Index data on Wednesday will give Americans, and the Federal Reserve, another readout on inflation.
Trump policy concerns send US consumer confidence plummeting to eight-month low
U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February while 12-month inflation expectations surged.
Consumer spending posts first drop in 22 months, but it's probably not a bad omen for the economy
Americans kicked their spending habit in January, at least briefly, after splurging during the holiday shopping season. Consumer spending fell 0.2% last month, the government said Friday, to mark the ...
Could Wobbly Consumer Sentiment and Spending Undercut the Economy?
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.