U.s. Consumer Spending | featured news

Spending rebounded strongly to post the largest increase in five months, the Commerce Department said.

Signs that American consumers were pulling back on their spending added to growing concerns about the direction of the economy.

For the first time in a year, Americans have stopped spending more....

The 0.3 percent rise in consumer spending in February was considered a respectable showing, given the winter weather.

Data, coupled with new information on jobless claims, provides a bit of hope for the economy.

Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.

Propelled by the auto rebate program, consumer spending rose sharply in August, but personal incomes lagged.