consumer spending News Updates

Business

Car Prices Are Starting to Ease to Pre-Pandemic Levels

The U.S. new car market is returning to pre-pandemic norms as supply chain issues resolve, forcing carmakers to ramp up deals to sustain sales growth.

June 30, 2023
GovernmentBusiness

Retail Sales Rise 0.4% in April

NEW YORK 鈥 Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things.

May 16, 2023
GovernmentBusiness

Retail Sales Slip 0.4% in February After January鈥檚 Burst

America鈥檚 consumers trimmed their spending in February after a buying burst in January, as retail聽sales slipped 0.4% with declines across multiple industries.

March 15, 2023
GovernmentBusiness

Inflation, Consumer Spending Cool in December

WASHINGTON 鈥 The Federal Reserve鈥檚 preferred inflation gauge eased further in December, and consumer spending fell 鈥 the latest evidence that the Fed鈥檚 series of interest rate hikes are slowing the economy.

January 27, 2023
GovernmentBusinessLogistics

Cyber Monday Sales on Track to Break Record Despite Inflation

U.S. shoppers spent $11.3 billion on Cyber Monday, a robust showing that suggests steep discounts attracted inflation-stung shoppers.

November 29, 2022
GovernmentBusiness

Resilient Consumers Spend Slightly More in August

WASHINGTON 鈥 Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent and other essentials.

September 30, 2022
GovernmentBusiness

Inflation Slows From 40-Year Peak, but Remains High

WASHINGTON 鈥 Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June.

August 10, 2022
GovernmentBusiness

American Consumer Momentum Wanes Just in Time for the Holidays

The American consumer has held strong since last year鈥檚 COVID-driven spending pause, as their purchases helped power the global economic recovery. But that momentum may be fading as the holiday season approaches.

December 15, 2021
GovernmentBusiness

Consumers Spending at Fastest Pace BofA CEO Has Seen

The head of the nation鈥檚 second-largest bank said consumers are spending 鈥渁t a faster rate鈥 than he has ever seen, but he remains concerned about how inflation and supply chain issues will influence the economy going into the winter.

December 13, 2021
Business

Consumer Spending Rebounds in October; Inflation Elevated

WASHINGTON 鈥 U.S. consumer spending rebounded in October, rising by a solid 1.3%, but inflation remains elevated, rising over the past year at the fastest pace in more than three decades.

November 24, 2021