December 4, 2024

Tag: consumer spending

Consumer Spending Drops, Will Fed Now Hike Interest Rates?
Economy

Consumer Spending Drops, Will Fed Now Hike Interest Rates?

The most recent data claims that US consumers are spending less and less at retailers, with the drop in August representative of the weakest pace in five months. This is mostly reflected by a drop in automobile purchases. In addition, though, income growth has also fallen, with salary gain showing a slowdown for at least […]

Read More