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Moderate US consumer spending, inflation support rate cut

Consumer prices as measured by the personal consumption expenditures (PCE) price index edged up 0.1% in June as food and energy prices fell. Meanwhile, a measure of consumer sentiment rebounded in July, suggesting Americans remain confident …Read more


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Moderate US consumer spending inflation support rate cut

WASHINGTON US consumer spending and prices rose moderately in June pointing to slower economic growth and benign inflation that could see the Federal Reserve cutting interest rates on Wednesday Jul 30 for the first time in a decade The report from
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WRAPUP 1-Moderate US consumer spending inflation support rate cut

WASHINGTON July 30 Reuters – US consumer spending and prices rose moderately in June pointing to slower economic growth and benign inflation that could see back expectations of a 50 basis point rate cut on Wednesday Consumer spending which
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WRAPUP 2-Moderate US consumer spending inflation back Fed rate cut

The 10-year old economic expansion the longest in history is slowing as the stimulus from last years 15 trillion tax cut package fades The economy is also facing headwinds from a bitter trade war between the United States and China a likely
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Moderate US consumer spending inflation back Fed rate cut

WASHINGTON US consumer spending and prices rose moderately in June pointing to slower economic growth and benign inflation that could see the Federal Reserve cutting interest rates on Wednesday last years US15 trillion tax cut package fades
Read more

Moderate US consumer spending inflation support interest rate cut

Shoppers and pedestrians cross a street in New York Consumer spending which accounts for more than two-thirds of US economic activity rose 04 as households boosted purchases of motor vehicles and spent more at restaurants and on hotel accommodation
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Moderate US consumer spending inflation support rate cut

WASHINGTON Reuters – US consumer spending increased moderately in May and prices rose slightly pointing to slowing economic growth and benign inflation pressures which could give the Federal Reserve ammunition to cut interest rates next month
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