There's a puzzling split between how consumers overall feel about the economy and how they're acting, how much they are spending overall. Normally spending and feelings go together. Not right now.
US consumer spending dipped in May, with households curbing discretionary purchases amid concerns about a weaker domestic jobs market, a potential tariff-driven spike in inflation and ongoing economic ...
WASHINGTON (Reuters) -U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of the Trump administration's tariffs faded, while ...
The balance of spending power in the United States has tilted decisively toward the top of the income ladder. The richest 10 percent of households now drive roughly half of all consumer purchases, ...
With the U.S. government shutdown stretching into its 17th day and official economic data releases on hold, new figures from Morning Consult showed positive Y/Y consumer spending growth for the eighth ...
AI spending on data centers surpassed consumer spending as the biggest driver of America’s economy last quarter. AI spending as a percentage of GDP passed the telecom buildout in the late 1990s, but ...