Tag: consumer

March 29, 2021

Cold weather depresses U.S. consumer spending; inflation is muted

Cold weather depresses U.S. consumer spending; inflation is muted

PUBLISHED FRI, MAR 26 20218:31 AM EDT UPDATED FRI, MAR 26 20219:44 AM EDT U.S. consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks to middle- and lower-income households faded, though the declineRead More

August 31, 2020

Consumer confidence falls for second month in row, more downbeat on jobs picture

Consumer confidence falls for second month in row, more downbeat on jobs picture

Released on August 25, 2020 The Conference Board Consumer Confidence Index fell for the second month in a row in August as consumers remain concerned about the outlook ahead. “Consumer spending has rebounded in recent months but increasing concerns amongst consumers about the economic outlook and their financial well-being will likely cause spending to coolRead More