WASHINGTON (Reuters) - U.S. consumers spent more in June and pending sales of previously owned homes also rose, data issued on Tuesday showed, but the biggest drop in incomes in four-and-a-half years pointed to a slow recovery from the worst recession in decades.
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BING NEWS:
- US consumer spending solid; inflation showing progress as year ends
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer ...
12/20/2024 - 4:55 am | View Link - Here’s what’s in and out of the government funding agreement
The Senate approved a slimmed-down, temporary government spending plan early Saturday morning, averting a shutdown of the federal government. The legislation now goes to President Joe Biden for his ...
12/18/2024 - 1:47 am | View Link - Another year of solid spending to boost consumer sector stocks in 2025, Goldman Sachs says
Consumer sentiment and spending will remain strong in 2025, with outsize gains for discretionary stocks, with some outperformance in staples, too, Goldman said.
12/14/2024 - 12:30 am | View Link - Why the Holidays Could Be a ‘Last Hurrah’ for a Stretched U.S. Consumer
Lower-income consumers, in particular, remain strained, according to economists who say spending could slow down next year. The year is shaping up to be more fruitful than many retailers expected. But ...
11/28/2024 - 9:01 pm | View Link - More
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