Consumer Spending Cooled in November as Closely Watched Inflation Gauge Slowed
The Personal Consumption Expenditures index showed prices increased 5.5 percent last month, as consumer spending pulled back.
Posted inBiden, Joseph R Jr Consumer Behavior Coronavirus (2019-nCoV) Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Mortgages Powell, Jerome H Prices (Fares, Fees and Rates) Real Estate and Housing (Residential) Recession and Depression Shortages United States Economy Wages and Salaries
Why It’s Hard to Predict What the Economy Will Look Like in 2023
Years into the pandemic, it is still difficult to get a handle on what comes next for the economy by looking at examples from the past.
Posted inBiden, Joseph R Jr Energy Department Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russian Invasion of Ukraine (2022) Strategic Petroleum Reserve (US) United States Politics and Government
Biden Administration to Buy Three Million Barrels of Oil
The move appears to signal an end to the government’s effort to sell oil from a strategic reserve to help tamp down energy prices, which soared after Russia’s invasion of Ukraine.
Posted inBlack Friday and Cyber Monday (Shopping) Commerce Department KPMG National Retail Federation Prices (Fares, Fees and Rates) Shopping and Retail
Retail Sales Fell in November, Despite Black Friday
With food and gas prices still high, U.S. shoppers were more reluctant to spend on more discretionary items as the holiday shopping season arrived.