US consumer spending

Tariff Fears Drive Surge in US Consumer Spending as Inflation Cools

Consumer spending surged in March as Americans scrambled to make purchases before President Donald Trump’s sweeping tariffs took effect, even as overall inflation cooled, according to new data released Wednesday by the Commerce Department, as reported by CNN. According to the report, the Personal Consumption Expenditures (PCE) price index, the...

US Consumers Pull Back On Spending, Focusing More On Saving Amid Economic Uncertainty

US consumer spending has taken a hit due to concerns about inflation and tariffs, leading to a cautious approach among Americans. While inflation slightly decreased to 2.5% in January, consumer spending saw a significant 0.2% drop, marking the largest decline in four years. Consumers opted to save more as incomes...