Spending fell 0.2% for the month. Adjusted for inflation, it sank 0.5%. Those are the biggest monthly declines since February 2021.
Americans cut their spending by 0.2% in January from the previous month, the Commerce Department said Friday, likely in part ...
A rebound for Nvidia following its sharp drop the day before helped steady the market, and the majority of stocks rose.
Inflation decelerated but people are spending less and saving more as prices keep rising and wage growth slows. It’s worrying ...
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and ...
The Dow, S&P 500, and Nasdaq climbed higher Friday as the stock market digested the PCE inflation report and reacted to Trump's meeting with Ukraine's Zelensky.
The decline in the personal consumption expenditures index from 2.6% the month before was in line with expectations.
The Federal Reserve won’t cut interest rates again until it's convinced the rate of inflation has resumed slowing. Even a decline in the yearly inflation rate in January is not enough to persuade them ...
Bond yields surged as President Donald Trump entered the Oval Office amid fears his economic agenda would prove inflationary.
US stocks seesawed Friday, but all three major indexes closed the month in the red — a sign of increasing unease in markets.