Key Engines of Consumer Spending Are All Losing Steam at Once

"Fed officials will view today's report as showing some cooling in consumer spending, which points to less inflationary pressure. Our view of the U.S. economy is not as optimistic."

By Augusta Saraiva | June 03, 2024 at 10:50 AM

The main drivers behind the remarkably resilient American consumer spending are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off.

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Fed's Favored Price Gauge Rises at a Mild Pace

By Augusta Saraiva | July 26, 2024

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging…

Fed's Favored Price Gauge Rises at a Mild Pace

U.S. Economy Grew Faster Than Expected Last Quarter

By Augusta Saraiva | July 25, 2024

GDP increased at a 2.8% annualized rate, while personal spending advanced 2.3%. "This is a perfect report for the Fed."

U.S. Economy Grew Faster Than Expected Last Quarter

DOL's ESG Investing Rule Challenge Sent back to Lower Court

By Lynn Cavanaugh | July 24, 2024

Because the Supreme Court overturned 40 years of federal agency deference, the ESG case is headed back to the Texas judge who originally heard it.

DOL's ESG Investing Rule Challenge Sent back to Lower Court

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