Us Consumer Spending

Gross domestic product increased at a 2.8% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of second-quarter GDP on Thursday.

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

The first quarter's GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023.

What recession? Economy’s staying power poses big questions for the Fed

America’s economy is not experiencing the drastic slowdown that many analysts had expected in light of the Federal Reserve’s 15-month, often aggressive campaign to hit the brakes on growth and bring rapid inflation under control.

US consumer spending flat in March; core inflation still strong

The unchanged reading in consumer spending last month, reported by the Commerce Department on Friday, followed a downwardly revised 0.1% gain in February.

A key inflation gauge tracked by the US Fed slowed in February

Friday's report from the Commerce Department showed that consumer prices rose 0.3% from January to February, down from a 0.6% increase from December to January. Measured year-over-year, prices rose 5%, slower than the 5.3% annual increase in January.

US inflation and consumer spending cooled in December

The showed that prices rose 5% last month from a year earlier, down from a 5.5% year-over-year increase in November. It was the third straight drop.

Wall Street ends flat after choppy session

US consumer spending barely rose in February and inflation retreated, suggesting the Federal Reserve could remain cautious about raising interest rates this year even as the labour market rapidly tightens.

US spending strength surprises; India top bet: Geoff Lewis

Geoff Lewis, ED, JP Morgan AMC is surprised by US consumer spending holding up and adds that there may be a short-term correction in the US market. Lewis foresees a gradual recovery in the global economy expects markets to offer better returns in 2013 over 2012.

US consumer spending rebounds, calms recession fears

US consumer spending rose at its fastest pace in five months in July, supporting views the economy was not falling back into recession.

US consumer spending flat in May on autos

US consumer spending was unchanged in May for the first time in almost a year as motor vehicle sales tumbled, according to a government report on Monday that also showed a build-up in underlying inflation pressures.

Expert view: Exporters should sell $, importers buy at 45/$

Vikram Murarka, Chief Currency Strategist at kshitij.com, in an interview with CNBC-TV18’s Latha Venkatesh cashed in on where do we go from here and if further weakness was in the offing.