Spending fell 0.2% for the month. Adjusted for inflation, it sank 0.5%. Those are the biggest monthly declines since February 2021.
Inflation dropped slightly in January but consumer spending, the primary driver of the U.S. economy, also saw its biggest decline in four years.
Vital Farms stock rose Friday after the premium egg producer reported fourth quarter results and delivered an update on the bird flu-caused egg shortages.
The decline in the personal consumption expenditures index from 2.6% the month before was in line with expectations.
CDs offer terms ranging from just a few months to multiple years. The rate you earn, known as annual percentage yield (APY), ...
Federal Reserve Bank of Chicago President Austan Goolsbee lauded the recent increase in productivity growth, but warned that ...
Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be ...
Key Takeaways Inflation cooled in January, according to Personal Consumption Expenditures, the Federal Reserve's preferred ...
Thomas Ryan, an economist at Capital Economics, attributed the decline in part to “unseasonably severe winter weather,” but ...
US stocks open mostly up after Fed's favorite inflation gauge matches forecasts. But tariff worries linger. Indexes are on track for a losing month.
Excluding food and energy, the core PCE also rose 0.3% for the month and was at 2.6% annually. Fed officials more closely follow the core measure as a better indicator of longer-term trends. The ...
Egg producers blame the bird flu outbreak for driving prices to record highs, but critics believe giant companies are taking ...