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Bank of America CEO: Consumers, Businesses Pulling Back on Spending
PYMNTS.com· 2 days agoBrian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened ...
20% of Financially Unstable Consumers Cite Discretionary Spending as Reason
PYMNTS.com· 3 days agoconsumers to understand their economic outlooks and the factors contributing to their financial...
An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
The Nashua Telegraph· 12 hours agoOn Friday, May 31, 2024, the Commerce Department issues its report on consumer spending for April....
U.S. Economic Growth in First Quarter Was Milder Than Initial Reading
New York Times· 2 days agoConsumers eased up on spending in the face of rising prices and high interest rates, Commerce...
Stock market today: US indexes rally after cool inflation data
Business Insider via Yahoo Finance· 13 hours ago""The equity market wants to see a slowdown in economic growth and today's PCE data provided a...
Inflation gauge rises — but at year’s slowest pace
The Williamsport Sun-Gazette· 11 hours agoOn Friday the Commerce Department issued its report on consumer spending for April. WASHINGTON (AP) — A price gauge closely tracked by the Federal...
Price Cuts, Weaker Spending May Boost Fed's Faith in Inflation Outlook
US News & World Report· 1 day agoA new round of price cuts by major U.S. retailers and data showing a consumer spending slowdown may boost the Federal Reserve's confidence ...
Japan's household spending seen rising for first time in 14 months: Reuters poll By Reuters
Investing.com· 1 day agoSpending probably rose 0.6% year-on-year in April, according to a Reuters poll of 17 economists,...
Consumer spending eases as jobless claims tick up | Honolulu Star-Advertiser
Honolulu Star-Advertiser· 2 days agoThe U.S. economy grew more slowly in the first quarter than previously estimated after downward...
Stock market today: US indexes edge higher as cooling inflation data props up Fed rate-cut bets
Business Insider via Yahoo Finance· 19 hours agoAs forecast, core PCE rose 0.2% in April. On an annualized basis, it increased 2.8%, just above...
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