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Americans are still dreading a recession and rising inflation, even after President Donald Trump paused his massive tariff hike on dozens of countries.
U.S. consumer spending rebounded less than expected in February while a measure of underlying prices increased by the most in 13 months, stoking fears the economy was facing a period of tepid growth ...
Wall Street nosedived on Friday after fresh economic data revealed an unexpected uptick in price pressures – sparking jitters that President Trump’s tariffs will keep inflation sticky.
In February, consumer spending ... This rebound in spending, which constitutes more than two-thirds of economic activity, was largely driven by higher prices. However, inflation continues to ...
Inflation remains above the Federal Reserve's 2% target, making it difficult for the central bank to cut its key interest rate anytime soon. The report also showed that consumer spending rebounded ...
Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the economy before the brunt of tariffs. Inflation-adjusted consumer ...
Excluding the effects of inflation, consumer spending rebounded in February, rising 0.4% for the month. In January, spending was weaker than initially reported and fell by 0.3%. Where consumers ...
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